Creative Planning reduced its position in shares of Under Armour Inc (NYSE:UAA) by 42.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,111 shares of the company’s stock after selling 32,182 shares during the period. Creative Planning’s holdings in Under Armour were worth $779,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Norinchukin Bank The raised its stake in shares of Under Armour by 13.6% in the third quarter. Norinchukin Bank The now owns 23,932 shares of the company’s stock worth $508,000 after acquiring an additional 2,860 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in shares of Under Armour during the 3rd quarter worth approximately $1,547,000. Vanguard Group Inc grew its position in shares of Under Armour by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 18,886,120 shares of the company’s stock worth $400,763,000 after buying an additional 120,978 shares during the period. State of Alaska Department of Revenue grew its position in shares of Under Armour by 12.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 42,866 shares of the company’s stock worth $908,000 after buying an additional 4,716 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Under Armour by 3,931.4% during the 3rd quarter. Janus Henderson Group PLC now owns 407,979 shares of the company’s stock worth $8,657,000 after buying an additional 397,859 shares during the period. 38.05% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on UAA shares. Wells Fargo & Co upgraded shares of Under Armour from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $22.00 to $23.00 in a research report on Friday, November 30th. Pivotal Research lifted their price target on shares of Under Armour from $20.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Zacks Investment Research cut shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Wednesday. Telsey Advisory Group reiterated a “market perform” rating and set a $22.00 price target on shares of Under Armour in a research report on Wednesday, October 24th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $26.00 price target on shares of Under Armour in a research report on Monday. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $22.01.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Under Armour had a negative net margin of 2.68% and a positive return on equity of 3.96%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts predict that Under Armour Inc will post 0.22 earnings per share for the current 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, cold, and in between the extremes.
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