Pinnacle Financial Partners Inc. trimmed its holdings in shares of Under Armour Inc (NYSE:UAA) by 44.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,165 shares of the company’s stock after selling 18,092 shares during the period. Pinnacle Financial Partners Inc.’s holdings in Under Armour were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the business. Baillie Gifford & Co. bought a new position in Under Armour during the 2nd quarter worth about $532,573,000. Vanguard Group Inc. bought a new position in Under Armour during the 2nd quarter worth about $393,172,000. BlackRock Inc. bought a new stake in shares of Under Armour in the 2nd quarter valued at about $238,861,000. State Street Corp bought a new stake in shares of Under Armour in the 2nd quarter valued at about $157,325,000. Finally, Bamco Inc. NY bought a new stake in shares of Under Armour in the 2nd quarter valued at about $151,334,000. Institutional investors own 31.23% of the company’s stock.
Under Armour Inc (NYSE UAA) traded up $0.39 during mid-day trading on Thursday, hitting $13.28. 3,626,260 shares of the company were exchanged, compared to its average volume of 5,534,805. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16. Under Armour Inc has a 12-month low of $11.40 and a 12-month high of $33.45. The stock has a market capitalization of $5,540.00, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 3.85 and a beta of 0.05.
Under Armour (NYSE:UAA) last released its 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 net margin of 2.94% and a return on equity of 9.32%. The firm had revenue of $1.41 billion for 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 forecast that Under Armour Inc will post 0.2 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on UAA shares. Vetr cut shares of Under Armour from a “sell” rating to a “strong sell” rating and set a $16.68 price target on the stock. in a report on Wednesday, August 9th. Buckingham Research reissued an “underperform” rating and set a $14.00 price target (down from $15.00) on shares of Under Armour in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Jefferies Group reissued a “buy” rating and set a $28.00 price target on shares of Under Armour in a research report on Friday, August 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $18.00 target price on shares of Under Armour in a report on Thursday, August 24th. Eighteen equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $16.92.
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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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