State of Tennessee Treasury Department boosted its stake in Under Armour Inc (NYSE:UAA) by 408.0% in the first quarter, HoldingsChannel.com reports. The firm owned 246,988 shares of the company’s stock after acquiring an additional 198,368 shares during the quarter. State of Tennessee Treasury Department’s holdings in Under Armour were worth $5,221,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in Under Armour by 3.2% during the first quarter. Private Advisor Group LLC now owns 54,936 shares of the company’s stock valued at $1,161,000 after buying an additional 1,678 shares in the last quarter. British Airways Pensions Investment Management Ltd lifted its position in Under Armour by 147.8% during the first quarter. British Airways Pensions Investment Management Ltd now owns 678,017 shares of the company’s stock valued at $14,333,000 after buying an additional 404,409 shares in the last quarter. Principal Financial Group Inc. lifted its position in Under Armour by 0.3% during the first quarter. Principal Financial Group Inc. now owns 285,907 shares of the company’s stock valued at $6,044,000 after buying an additional 953 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new position in Under Armour during the first quarter valued at approximately $263,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Under Armour during the first quarter valued at approximately $333,000. Hedge funds and other institutional investors own 37.96% of the company’s stock.
UAA has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Friday, February 15th. Morgan Stanley boosted their target price on shares of Under Armour from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 14th. ValuEngine cut shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Argus reissued a “hold” rating on shares of Under Armour in a research report on Friday, February 22nd. Finally, JPMorgan Chase & Co. raised shares of Under Armour from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $29.00 in a research report on Friday, May 17th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $23.38.
Shares of NYSE UAA traded down $0.08 during trading on Wednesday, reaching $26.10. 175,367 shares of the stock were exchanged, compared to its average volume of 4,908,203. The stock has a market cap of $11.89 billion, a P/E ratio of 97.37, a PEG ratio of 3.05 and a beta of 0.43. The company has a current ratio of 2.02, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. Under Armour Inc has a twelve month low of $16.52 and a twelve month high of $26.44.
Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Under Armour had a net margin of 0.12% and a return on equity of 7.17%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, research analysts expect that Under Armour Inc will post 0.35 EPS for the current fiscal year.
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About Under Armour
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 and cold.
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