Stumpf Capital Management LLC lowered its stake in shares of Under Armour Inc (NYSE:UAA) by 35.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,720 shares of the company’s stock after selling 1,500 shares during the quarter. Under Armour comprises 0.1% of Stumpf Capital Management LLC’s portfolio, making the stock its 16th largest holding. Stumpf Capital Management LLC’s holdings in Under Armour were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. boosted its position in shares of Under Armour by 2.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 90,309 shares of the company’s stock valued at $2,030,000 after acquiring an additional 2,481 shares during the period. Pictet Asset Management Ltd. boosted its position in shares of Under Armour by 2.3% in the third quarter. Pictet Asset Management Ltd. now owns 110,927 shares of the company’s stock valued at $2,354,000 after acquiring an additional 2,500 shares during the period. Pacer Advisors Inc. boosted its position in shares of Under Armour by 31.2% in the third quarter. Pacer Advisors Inc. now owns 11,346 shares of the company’s stock valued at $241,000 after acquiring an additional 2,697 shares during the period. Norinchukin Bank The boosted its position 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 valued at $508,000 after acquiring an additional 2,860 shares during the period. Finally, Lincoln National Corp boosted its position in shares of Under Armour by 30.3% in the third quarter. Lincoln National Corp now owns 12,563 shares of the company’s stock valued at $267,000 after acquiring an additional 2,922 shares during the period. 41.83% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE UAA traded up $0.69 during trading hours on Thursday, reaching $24.03. The stock had a trading volume of 526,030 shares, compared to its average volume of 4,149,923. The company has a current ratio of 1.99, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of 126.63, a PEG ratio of 5.22 and a beta of -0.43. Under Armour Inc has a twelve month low of $12.50 and a twelve month high of $24.96.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, October 30th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.13. Under Armour had a positive return on equity of 3.96% and a negative net margin of 2.68%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the company posted $0.22 earnings per share. Under Armour’s revenue was up 2.4% on a year-over-year basis. On average, research analysts anticipate that Under Armour Inc will post 0.22 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on UAA shares. Pivotal Research increased their price objective on Under Armour from $20.00 to $24.00 and gave the company a “hold” rating in a research report on Wednesday, October 31st. Wells Fargo & Co raised Under Armour from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $22.00 to $23.00 in a research report on Friday, November 30th. ValuEngine upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Telsey Advisory Group restated a “market perform” rating and issued a $22.00 target price on shares of Under Armour in a research note on Wednesday, October 24th. Finally, Credit Suisse Group upped their target price on Under Armour from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Under Armour has a consensus rating of “Hold” and an average price target of $21.36.
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Under Armour Company Profile
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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