Wellington Shields & Co. LLC purchased a new stake in Under Armour, Inc. (NYSE:UAA) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 60,000 shares of the company’s stock, valued at approximately $989,000.
A number of other hedge funds also recently bought and sold shares of UAA. Nomura Asset Management Co. Ltd. acquired a new stake in Under Armour in the 1st quarter valued at about $405,000. DnB Asset Management AS acquired a new stake in Under Armour in the 2nd quarter valued at about $405,000. Xact Kapitalforvaltning AB acquired a new stake in Under Armour in the 2nd quarter valued at about $474,000. Capstone Asset Management Co. acquired a new stake in Under Armour in the 2nd quarter valued at about $330,000. Finally, Exxonmobil Investment Management Inc. TX acquired a new stake in Under Armour in the 2nd quarter valued at about $772,000. 30.35% of the stock is currently owned by institutional investors.
UAA has been the topic of a number of recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Under Armour in a report on Thursday, September 7th. OTR Global reiterated a “negative” rating on shares of Under Armour in a report on Tuesday, July 18th. Wells Fargo & Company reiterated a “market perform” rating and issued a $17.00 price objective on shares of Under Armour in a report on Wednesday, August 2nd. Sanford C. Bernstein initiated coverage on Under Armour in a report on Tuesday, September 12th. They issued an “underperform” rating and a $14.00 price objective on the stock. Finally, Piper Jaffray Companies dropped their price objective on Under Armour from $17.00 to $14.00 and set an “average” rating on the stock in a report on Wednesday, October 11th. Eighteen analysts have rated the stock with a sell rating, twenty have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $17.04.
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Under Armour, Inc. (NYSE UAA) traded down $0.22 during midday trading on Tuesday, hitting $11.95. The stock had a trading volume of 1,988,486 shares, compared to its average volume of 5,597,296. Under Armour, Inc. has a 12 month low of $11.40 and a 12 month high of $33.45. The firm has a market capitalization of $5,030.00, a PE ratio of 30.54, a price-to-earnings-growth ratio of 3.71 and a beta of 0.03. 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 (NYSE:UAA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Under Armour’s revenue for the quarter was down 4.5% on a year-over-year basis. analysts forecast that Under Armour, Inc. will post 0.2 EPS for the current fiscal year.
Under Armour Company Profile
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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