Texas Permanent School Fund Purchases 74,296 Shares of Under Armour, Inc. (NYSE:UAA)

Texas Permanent School Fund raised its position in shares of Under Armour, Inc. (NYSE:UAAGet Rating) by 303.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,765 shares of the company’s stock after purchasing an additional 74,296 shares during the period. Texas Permanent School Fund’s holdings in Under Armour were worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Washington Trust Advisors Inc. grew its holdings in Under Armour by 102.5% during the first quarter. Washington Trust Advisors Inc. now owns 1,472 shares of the company’s stock valued at $25,000 after purchasing an additional 745 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Under Armour by 52.4% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,735 shares of the company’s stock valued at $31,000 after purchasing an additional 1,285 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Under Armour by 48.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,142 shares of the company’s stock valued at $35,000 after purchasing an additional 1,353 shares during the period. US Bancorp DE grew its holdings in Under Armour by 37.4% during the second quarter. US Bancorp DE now owns 5,258 shares of the company’s stock valued at $43,000 after purchasing an additional 1,431 shares during the period. Finally, Prospera Financial Services Inc purchased a new stake in shares of Under Armour during the first quarter worth $59,000. 34.83% of the stock is owned by institutional investors.

Under Armour Stock Up 0.8 %

Shares of NYSE:UAA opened at $9.53 on Monday. The stock’s 50-day moving average price is $7.82 and its 200-day moving average price is $8.88. Under Armour, Inc. has a 12-month low of $6.38 and a 12-month high of $27.28. The stock has a market capitalization of $4.34 billion, a P/E ratio of 30.74, a price-to-earnings-growth ratio of 4.73 and a beta of 1.42. The company has a current ratio of 2.09, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37.

Under Armour (NYSE:UAAGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Under Armour had a return on equity of 9.13% and a net margin of 2.51%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts anticipate that Under Armour, Inc. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Oppenheimer dropped their target price on Under Armour to $15.00 in a research report on Thursday, October 20th. William Blair downgraded Under Armour from a “hold” rating to a “sell” rating and set a $7.00 target price on the stock. in a research report on Thursday, August 4th. Piper Sandler dropped their target price on Under Armour from $10.00 to $8.50 in a research report on Tuesday, October 11th. Telsey Advisory Group increased their target price on Under Armour from $8.00 to $9.00 and gave the stock a “market perform” rating in a research report on Friday, November 4th. Finally, Citigroup lowered their price objective on Under Armour from $10.00 to $8.00 in a research report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, twenty-two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.27.

Under Armour Company Profile

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Under Armour, Inc, together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

See Also

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Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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