Blair William & Co. IL lessened its holdings in shares of Under Armour Inc (NYSE:UAA) by 5.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 77,624 shares of the company’s stock after selling 4,165 shares during the period. Blair William & Co. IL’s holdings in Under Armour were worth $1,647,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of UAA. Cornerstone Wealth Management LLC bought a new stake in Under Armour during the second quarter worth approximately $370,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Under Armour by 6.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 80,153 shares of the company’s stock worth $1,802,000 after buying an additional 5,005 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Under Armour by 6.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 553,453 shares of the company’s stock worth $12,442,000 after buying an additional 33,315 shares in the last quarter. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Under Armour in the 2nd quarter valued at approximately $3,634,000. Finally, Sigma Planning Corp purchased a new stake in shares of Under Armour in the 2nd quarter valued at approximately $210,000. 41.83% of the stock is currently owned by institutional investors.
UAA stock opened at $23.45 on Friday. Under Armour Inc has a 12-month low of $12.50 and a 12-month high of $24.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.09. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of 123.42, a P/E/G ratio of 5.22 and a beta of -0.43.
Under Armour (NYSE:UAA) last released its earnings results on Tuesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.13. Under Armour had a negative net margin of 2.68% and a positive return on equity of 3.96%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. On average, research analysts expect that Under Armour Inc will post 0.22 earnings per share for the current fiscal year.
UAA has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Thursday, October 4th. JPMorgan Chase & Co. upgraded shares of Under Armour from an “underweight” rating to a “neutral” rating and upped their price target for the company from $16.00 to $20.00 in a research report on Friday, September 21st. Canaccord Genuity upped their price target on shares of Under Armour from $12.00 to $13.00 and gave the company a “sell” rating in a research report on Wednesday, October 31st. Wells Fargo & Co downgraded shares of Under Armour from a “market perform” rating to an “underperform” rating and set a $23.50 price target for the company. in a research report on Sunday, December 2nd. Finally, Morgan Stanley upped their price target on shares of Under Armour from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 31st. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $21.36.
Under Armour Company Profile
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.
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