Tiedemann Wealth Management LLC bought a new stake in shares of Under Armour Inc (NYSE:UAA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 26,639 shares of the company’s stock, valued at approximately $172,000.
Other institutional investors also recently added to or reduced their stakes in the company. Aviva PLC acquired a new position in Under Armour during the 2nd quarter valued at about $2,486,000. State of Tennessee Treasury Department acquired a new position in Under Armour during the 2nd quarter valued at about $4,363,000. Chilton Investment Co. LLC acquired a new position in Under Armour during the 2nd quarter valued at about $18,697,000. Schwab Charles Investment Management Inc. acquired a new position in Under Armour during the 2nd quarter valued at about $15,325,000. Finally, BKS Advisors LLC acquired a new position in Under Armour during the 2nd quarter valued at about $1,224,000. 31.17% of the stock is currently owned by hedge funds and other institutional investors.
Under Armour Inc (NYSE:UAA) traded down $0.14 during trading on Friday, hitting $13.15. 5,879,822 shares of the stock traded hands, compared to its average volume of 5,659,860. The stock has a market capitalization of $5,808.32, a P/E ratio of 32.07, a P/E/G ratio of 3.89 and a beta of -0.14. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.23. Under Armour Inc has a 1-year low of $11.40 and a 1-year high of $33.45.
Under Armour (NYSE:UAA) last released its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. research analysts predict that Under Armour Inc will post 0.2 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the stock. Vetr cut shares of Under Armour from a “hold” rating to a “sell” rating and set a $16.78 price objective on the stock. in a research note on Thursday, September 7th. Zacks Investment Research cut shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Under Armour in a research note on Thursday, August 24th. Deutsche Bank lowered their price objective on shares of Under Armour from $16.00 to $14.00 and set a “sell” rating on the stock in a research note on Thursday, October 26th. Finally, Piper Jaffray Companies lowered their price objective on shares of Under Armour to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 31st. Seventeen research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and four have issued a buy rating to the stock. Under Armour has an average rating of “Hold” and an average price target of $17.04.
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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.
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