Under Armour, Inc. (NYSE:UAA) Shares Sold by Cim Investment Management Inc.

Cim Investment Management Inc. lowered its position in Under Armour, Inc. (NYSE:UAA) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,398 shares of the company’s stock after selling 6,554 shares during the quarter. Cim Investment Management Inc.’s holdings in Under Armour were worth $803,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UAA. Hexagon Capital Partners LLC increased its position in shares of Under Armour by 101.1% during the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after acquiring an additional 1,890 shares during the last quarter. Optas LLC purchased a new stake in Under Armour during the 2nd quarter worth approximately $72,000. Koss Olinger Consulting LLC acquired a new position in shares of Under Armour in the 2nd quarter valued at approximately $79,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Under Armour during the 2nd quarter valued at approximately $80,000. Finally, Qsemble Capital Management LP acquired a new stake in shares of Under Armour during the second quarter worth approximately $93,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UAA has been the topic of several recent analyst reports. BMO Capital Markets upped their price target on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Stifel Nicolaus increased their price target on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Barclays boosted their price objective on Under Armour from $6.00 to $8.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Wedbush increased their target price on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Argus upgraded Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.57.

Under Armour Trading Up 2.3 %

Shares of NYSE:UAA opened at $8.94 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $7.63 and its 200 day moving average price is $7.14. The company has a market cap of $3.90 billion, a PE ratio of 16.56, a P/E/G ratio of 3.86 and a beta of 1.65. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $9.50.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the company posted $0.02 earnings per share. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Under Armour, Inc. will post 0.21 earnings per share 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.