Raymond James & Associates Has $271,000 Stock Position in Under Armour, Inc. (NYSE:UAA)

Raymond James & Associates lowered its position in shares of Under Armour, Inc. (NYSE:UAA) by 6.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,510 shares of the company’s stock after selling 2,528 shares during the period. Raymond James & Associates’ holdings in Under Armour were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Under Armour by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 20,911,825 shares of the company’s stock worth $355,918,000 after acquiring an additional 1,017,211 shares during the last quarter. BlackRock Inc. grew its position in shares of Under Armour by 3.1% in the 3rd quarter. BlackRock Inc. now owns 16,901,026 shares of the company’s stock valued at $112,390,000 after buying an additional 511,664 shares during the last quarter. State Street Corp grew its position in shares of Under Armour by 29.7% in the 3rd quarter. State Street Corp now owns 9,284,969 shares of the company’s stock valued at $61,745,000 after buying an additional 2,128,406 shares during the last quarter. Balyasny Asset Management LLC grew its position in shares of Under Armour by 36.4% in the 3rd quarter. Balyasny Asset Management LLC now owns 4,158,618 shares of the company’s stock valued at $27,655,000 after buying an additional 1,109,408 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Under Armour by 2.7% in the 1st quarter. Two Sigma Investments LP now owns 3,934,483 shares of the company’s stock valued at $37,338,000 after buying an additional 105,000 shares during the last quarter. Institutional investors own 38.45% of the company’s stock.

Under Armour Trading Up 2.8 %

Shares of Under Armour stock opened at $7.38 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.14 and a current ratio of 2.24. Under Armour, Inc. has a 52 week low of $6.29 and a 52 week high of $13.05. The stock has a 50 day moving average price of $7.02 and a two-hundred day moving average price of $7.46. The stock has a market capitalization of $3.29 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.69.

Under Armour (NYSE:UAA) last posted its earnings results on Wednesday, November 8th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Under Armour had a return on equity of 14.01% and a net margin of 7.00%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts anticipate that Under Armour, Inc. will post 0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on UAA shares. Evercore ISI started coverage on Under Armour in a research report on Tuesday, November 7th. They issued an “inline” rating and a $8.00 price target on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $9.00 price target on shares of Under Armour in a research report on Thursday, November 2nd. Piper Sandler reduced their price target on Under Armour from $10.00 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday. StockNews.com assumed coverage on Under Armour in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, TheStreet lowered Under Armour from a “c-” rating to a “d” rating in a research report on Tuesday, August 8th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.36.

Under Armour 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.