Under Armour, Inc. (NYSE:UAA) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 9.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,819 shares of the company’s stock after selling 8,359 shares during the period. Public Employees Retirement System of Ohio’s holdings in Under Armour were worth $554,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. West Tower Group LLC acquired a new stake in Under Armour in the second quarter valued at $28,000. Signaturefd LLC grew its holdings in Under Armour by 119.2% in the third quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock valued at $28,000 after purchasing an additional 2,224 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Under Armour in the fourth quarter valued at $30,000. Quarry LP acquired a new stake in Under Armour in the first quarter valued at $32,000. Finally, Captrust Financial Advisors grew its holdings in Under Armour by 34.9% in the second quarter. Captrust Financial Advisors now owns 6,973 shares of the company’s stock valued at $58,000 after purchasing an additional 1,805 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UAA. Telsey Advisory Group reaffirmed a “market perform” rating and set a $9.00 price objective on shares of Under Armour in a research note on Thursday, March 14th. BNP Paribas reaffirmed a “neutral” rating on shares of Under Armour in a research note on Thursday, March 14th. Williams Trading reaffirmed a “hold” rating and set a $8.00 price objective on shares of Under Armour in a research note on Thursday, March 14th. TheStreet raised Under Armour from a “d+” rating to a “c-” rating in a research note on Thursday, February 8th. Finally, Evercore ISI reaffirmed an “underperform” rating and set a $7.00 price objective (down previously from $8.00) on shares of Under Armour in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Under Armour currently has a consensus rating of “Hold” and an average target price of $9.23.

Under Armour Stock Performance

NYSE UAA opened at $7.25 on Thursday. The business’s 50-day moving average price is $7.95 and its 200 day moving average price is $7.75. Under Armour, Inc. has a twelve month low of $6.29 and a twelve month high of $9.59. The company has a market capitalization of $3.16 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 1.38 and a beta of 1.67. The company has a current ratio of 2.13, a quick ratio of 1.38 and a debt-to-equity ratio of 0.27.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. On average, research analysts predict that Under Armour, Inc. will post 0.52 earnings per share for the current year.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.