Ameriprise Financial Inc. cut its stake in shares of Under Armour Inc (NYSE:UAA) by 5.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,162 shares of the company’s stock after selling 9,064 shares during the quarter. Ameriprise Financial Inc.’s holdings in Under Armour were worth $2,509,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in UAA. Baillie Gifford & Co. purchased a new stake in Under Armour during the 2nd quarter valued at $532,573,000. Vanguard Group Inc. purchased a new stake in Under Armour in the second quarter worth $393,172,000. BlackRock Inc. purchased a new stake in Under Armour in the second quarter worth $238,861,000. State Street Corp purchased a new stake in Under Armour in the second quarter worth $157,325,000. Finally, Bamco Inc. NY purchased a new stake in Under Armour in the second quarter worth $151,334,000. Institutional investors own 30.98% of the company’s stock.
Shares of Under Armour Inc (NYSE UAA) opened at $15.12 on Friday. Under Armour Inc has a 1 year low of $11.40 and a 1 year high of $30.59. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $6,757.96, a price-to-earnings ratio of 48.77, a price-to-earnings-growth ratio of 3.80 and a beta of -0.14.
Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.49 billion. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. equities research analysts expect that Under Armour Inc will post 0.2 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on UAA shares. Piper Jaffray Companies dropped their price target on Under Armour from $17.00 to $14.00 and set an “average” rating on the stock in a research report on Wednesday, October 11th. Jefferies Group reaffirmed a “buy” rating and set a $28.00 price objective on shares of Under Armour in a research report on Friday, October 13th. Stifel Nicolaus raised Under Armour from a “hold” rating to a “buy” rating and raised their price target for the stock from $12.00 to $17.00 in a report on Friday, December 15th. Vetr raised Under Armour from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a report on Friday, September 22nd. Finally, Canaccord Genuity reissued a “hold” rating and issued a $15.00 price target (down previously from $18.00) on shares of Under Armour in a report on Thursday, October 12th. Seventeen investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $17.09.
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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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