Candriam Luxembourg S.C.A. grew its stake in shares of Under Armour, Inc. (NYSE:UAA) by 68.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 24,393 shares of the company’s stock after purchasing an additional 9,925 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Under Armour were worth $402,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Aldebaran Financial Inc. increased its holdings in Under Armour by 8.3% during the 2nd quarter. Aldebaran Financial Inc. now owns 27,310 shares of the company’s stock worth $594,000 after purchasing an additional 2,090 shares in the last quarter. Nationwide Fund Advisors increased its holdings in Under Armour by 6.8% during the 3rd quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock worth $864,000 after purchasing an additional 3,338 shares in the last quarter. IFP Advisors Inc increased its holdings in Under Armour by 5.6% during the 3rd quarter. IFP Advisors Inc now owns 97,318 shares of the company’s stock worth $1,604,000 after purchasing an additional 5,148 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Under Armour during the 2nd quarter worth approximately $118,000. Finally, Cornerstone Advisors Inc. bought a new stake in Under Armour during the 2nd quarter worth approximately $124,000. 30.79% of the stock is owned by hedge funds and other institutional investors.
UAA has been the subject of a number of recent research reports. Piper Jaffray Companies decreased their price objective on Under Armour from $17.00 to $14.00 and set an “average” rating for the company in a report on Wednesday, October 11th. Jefferies Group LLC reissued a “buy” rating and set a $28.00 price objective on shares of Under Armour in a report on Friday, August 11th. Morgan Stanley decreased their price objective on Under Armour from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. Canaccord Genuity reduced their target price on Under Armour from $21.00 to $18.00 and set a “hold” rating for the company in a report on Wednesday, August 2nd. Finally, Zacks Investment Research raised Under Armour from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Seventeen research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $17.04.
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Under Armour, Inc. (UAA) opened at $13.44 on Tuesday. Under Armour, Inc. has a 1-year low of $11.40 and a 1-year high of $33.45. The stock has a market cap of $5,777.40, a P/E ratio of 31.90, a PEG ratio of 3.87 and a beta of -0.15. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.
Under Armour (NYSE:UAA) last released its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $1.49 billion. The firm’s revenue was down 4.5% compared to the same quarter last year. sell-side analysts predict that Under Armour, Inc. will post 0.2 EPS for the current fiscal year.
Under Armour 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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