People s United Financial Inc. purchased a new position in shares of Under Armour, Inc. (NYSE:UAA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,395 shares of the company’s stock, valued at approximately $292,000.
Several other large investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. acquired a new position in shares of Under Armour during the 1st quarter worth approximately $405,000. Private Asset Management Inc. acquired a new position in shares of Under Armour during the 2nd quarter worth approximately $923,000. DnB Asset Management AS acquired a new position in shares of Under Armour during the 2nd quarter worth approximately $405,000. Xact Kapitalforvaltning AB acquired a new position in shares of Under Armour during the 2nd quarter worth approximately $474,000. Finally, Burns J W & Co. Inc. NY acquired a new position in shares of Under Armour during the 2nd quarter worth approximately $480,000. 30.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of Under Armour, Inc. (UAA) opened at 17.02 on Friday. The stock has a market cap of $7.51 billion, a P/E ratio of 34.45 and a beta of -0.02. Under Armour, Inc. has a 12 month low of $15.92 and a 12 month high of $39.20. The company has a 50 day moving average of $16.88 and a 200 day moving average of $19.28.
Under Armour (NYSE:UAA) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Under Armour’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts expect that Under Armour, Inc. will post $0.37 earnings per share for the current fiscal year.
UAA has been the subject of several research reports. Morgan Stanley cut their price objective on Under Armour from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, August 7th. Wedbush reissued a “neutral” rating and set a $17.00 price objective (down from $18.00) on shares of Under Armour in a research note on Tuesday, August 8th. Vetr cut shares of Under Armour from a “sell” rating to a “strong sell” rating and set a $16.68 price objective for the company. in a research note on Wednesday, August 9th. Nomura lowered their price objective on shares of Under Armour from $15.00 to $13.00 and set a “reduce” rating for the company in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group reissued an “underperform” rating and set a $17.00 price objective on shares of Under Armour in a research note on Friday, June 16th. Thirteen equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.87.
About Under Armour
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
Receive News & Ratings for Under Armour Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc. and related companies with MarketBeat.com's FREE daily email newsletter.