Penserra Capital Management LLC purchased a new position in Under Armour Inc (NYSE:UAA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,384 shares of the company’s stock, valued at approximately $127,000.
Other large investors also recently bought and sold shares of the company. Liberty Wealth Management LLC purchased a new position in shares of Under Armour in the second quarter valued at approximately $25,000. Ossiam acquired a new stake in shares of Under Armour in the second quarter worth approximately $30,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Under Armour during the third quarter worth approximately $31,000. Capital Bank & Trust Co purchased a new stake in shares of Under Armour during the second quarter worth approximately $45,000. Finally, Sandy Spring Bank increased its position in shares of Under Armour by 25.7% during the second quarter. Sandy Spring Bank now owns 2,835 shares of the company’s stock worth $71,000 after purchasing an additional 580 shares in the last quarter. Institutional investors own 39.48% of the company’s stock.
Shares of UAA opened at $18.44 on Tuesday. Under Armour Inc has a 52-week low of $16.52 and a 52-week high of $27.72. The company has a quick ratio of 1.29, a current ratio of 2.05 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $19.03 and a two-hundred day simple moving average of $21.79. The company has a market capitalization of $8.48 billion, a PE ratio of 68.30, a price-to-earnings-growth ratio of 1.98 and a beta of 0.55.
Under Armour (NYSE:UAA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. Under Armour had a net margin of 2.14% and a return on equity of 7.24%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The company’s revenue was down .9% compared to the same quarter last year. As a group, equities analysts anticipate that Under Armour Inc will post 0.34 earnings per share for the current fiscal year.
A number of research analysts have weighed in on UAA shares. Raymond James upgraded Under Armour from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a report on Wednesday, November 27th. Telsey Advisory Group dropped their target price on shares of Under Armour from $23.00 to $19.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Robert W. Baird cut shares of Under Armour from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $31.00 to $20.00 in a research report on Tuesday, November 5th. Pivotal Research reduced their target price on shares of Under Armour from $25.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, October 29th. Finally, UBS Group decreased their price target on shares of Under Armour from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $22.18.
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 and cold.
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