Achmea Investment Management B.V. purchased a new stake in shares of Under Armour, Inc. (NYSE:UAA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 15,056 shares of the company’s stock, valued at approximately $327,000.
Several other hedge funds and other institutional investors also recently modified their holdings of UAA. Baillie Gifford & Co. acquired a new stake in Under Armour during the second quarter valued at $532,573,000. Vanguard Group Inc. bought a new stake in shares of Under Armour in the 2nd quarter valued at approximately $393,172,000. BlackRock Inc. acquired a new position in shares of Under Armour in the 2nd quarter worth approximately $238,861,000. State Street Corp acquired a new position in shares of Under Armour in the 2nd quarter worth approximately $157,325,000. Finally, Bamco Inc. NY acquired a new position in shares of Under Armour in the 2nd quarter valued at $151,334,000. Institutional investors and hedge funds own 30.43% of the company’s stock.
A number of research firms recently commented on UAA. Telsey Advisory Group lowered their price objective on shares of Under Armour from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, August 2nd. FBR & Co reiterated an “underperform” rating and set a $14.00 target price on shares of Under Armour in a report on Wednesday, August 2nd. Vetr downgraded shares of Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 price objective for the company. in a research note on Monday, July 17th. UBS AG cut their target price on shares of Under Armour from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Finally, Forward View reiterated a “sell” rating on shares of Under Armour in a research note on Saturday, November 4th. Eighteen equities research 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 stock currently has a consensus rating of “Hold” and a consensus target price of $17.04.
Under Armour, Inc. (NYSE UAA) traded up $0.51 during trading on Friday, hitting $12.52. The stock had a trading volume of 7,865,100 shares, compared to its average volume of 5,596,136. Under Armour, Inc. has a 52 week low of $11.40 and a 52 week high of $33.45. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a market cap of $5,296.25, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 3.56 and a beta of -0.15.
Under Armour (NYSE:UAA) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. analysts expect that Under Armour, Inc. will post 0.2 EPS for the current fiscal year.
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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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