Raymond James & Associates increased its holdings in Under Armour Inc (NYSE:UAA) by 18.0% during the first quarter, HoldingsChannel reports. The firm owned 99,824 shares of the company’s stock after purchasing an additional 15,235 shares during the period. Raymond James & Associates’ holdings in Under Armour were worth $2,110,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Biondo Investment Advisors LLC raised its holdings in shares of Under Armour by 0.3% in the 4th quarter. Biondo Investment Advisors LLC now owns 167,640 shares of the company’s stock worth $2,924,000 after purchasing an additional 520 shares in the last quarter. Securian Asset Management Inc increased its position in shares of Under Armour by 3.1% in the fourth quarter. Securian Asset Management Inc now owns 19,298 shares of the company’s stock worth $341,000 after acquiring an additional 585 shares in the last quarter. Brown Advisory Securities LLC increased its position in shares of Under Armour by 5.4% in the fourth quarter. Brown Advisory Securities LLC now owns 14,382 shares of the company’s stock worth $259,000 after acquiring an additional 741 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Under Armour by 1.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 63,582 shares of the company’s stock worth $1,344,000 after acquiring an additional 757 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Under Armour by 0.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 245,501 shares of the company’s stock worth $4,338,000 after acquiring an additional 878 shares in the last quarter. Institutional investors and hedge funds own 37.96% of the company’s stock.
Several research firms have recently weighed in on UAA. Citigroup raised shares of Under Armour from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $29.00 in a research report on Wednesday, April 10th. Credit Suisse Group reissued a “neutral” rating and issued a $26.00 target price on shares of Under Armour in a research report on Tuesday, April 30th. UBS Group lifted their target price on shares of Under Armour from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 13th. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, May 8th. Finally, ValuEngine raised shares of Under Armour from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.38.
Shares of Under Armour stock opened at $25.98 on Thursday. The company has a quick ratio of 1.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.58. Under Armour Inc has a 1-year low of $16.52 and a 1-year high of $26.44. The firm has a market capitalization of $11.81 billion, a PE ratio of 96.22, a PEG ratio of 3.08 and a beta of 0.43.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.05 earnings per share for the quarter. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Under Armour had a net margin of 0.12% and a return on equity of 7.17%. Under Armour’s revenue was up 1.6% compared to the same quarter last year. As a group, analysts anticipate that Under Armour Inc will post 0.35 EPS for the current year.
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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 and cold.
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