Victory Capital Management Inc. lessened its holdings in Under Armour, Inc. (NYSE:UAA – Free Report) by 19.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,899 shares of the company’s stock after selling 10,962 shares during the period. Victory Capital Management Inc.’s holdings in Under Armour were worth $331,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Toroso Investments LLC boosted its stake in shares of Under Armour by 7.3% in the 4th quarter. Toroso Investments LLC now owns 14,411 shares of the company’s stock worth $146,000 after buying an additional 984 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Under Armour by 0.4% in the 4th quarter. Alliancebernstein L.P. now owns 298,009 shares of the company’s stock worth $3,028,000 after buying an additional 1,084 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Under Armour by 2.7% in the 1st quarter. Arizona State Retirement System now owns 54,673 shares of the company’s stock worth $519,000 after buying an additional 1,430 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Under Armour by 4.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 34,684 shares of the company’s stock worth $250,000 after buying an additional 1,594 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Under Armour by 7.9% in the 2nd quarter. National Bank of Canada FI now owns 21,947 shares of the company’s stock worth $158,000 after buying an additional 1,615 shares during the last quarter. Hedge funds and other institutional investors own 38.45% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. StockNews.com assumed coverage on Under Armour in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $9.00 price objective on shares of Under Armour in a research note on Thursday. Finally, TheStreet downgraded Under Armour from a “c-” rating to a “d” rating in a research note on Tuesday, August 8th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Under Armour has a consensus rating of “Hold” and an average target price of $10.71.
Under Armour Trading Up 3.6 %
NYSE:UAA opened at $7.26 on Friday. The company has a market cap of $3.23 billion, a P/E ratio of 8.44, a P/E/G ratio of 1.21 and a beta of 1.69. The stock’s fifty day moving average price is $7.06 and its two-hundred day moving average price is $7.52. Under Armour, Inc. has a 1 year low of $6.29 and a 1 year high of $13.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.04 and a quick ratio of 1.14.
Under Armour (NYSE:UAA – Get Free Report) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.05. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Under Armour had a net margin of 6.60% and a return on equity of 13.59%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. As a group, analysts expect that Under Armour, Inc. will post 0.49 EPS for the current year.
Under Armour Company Profile
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.
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