Northwest Wealth Management LLC maintained its position in shares of Under Armour, Inc. (NYSE:UA) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,251 shares of the company’s stock at the end of the second quarter. Northwest Wealth Management LLC’s holdings in Under Armour were worth $247,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quantitative Investment Management LLC purchased a new position in shares of Under Armour during the first quarter worth approximately $8,594,000. Tobam purchased a new position in shares of Under Armour during the first quarter worth approximately $5,355,000. Goodman Financial Corp bought a new stake in shares of Under Armour during the first quarter worth $4,643,000. Baltimore Washington Financial Advisors Inc. bought a new stake in shares of Under Armour during the second quarter worth $3,525,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Under Armour by 1,919.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 174,674 shares of the company’s stock worth $3,517,000 after buying an additional 166,024 shares during the period. Institutional investors and hedge funds own 56.34% of the company’s stock.
Under Armour, Inc. (NYSE UA) opened at 16.80 on Friday. The company has a market capitalization of $7.41 billion, a P/E ratio of 34.01 and a beta of 0.78. The firm has a 50-day moving average price of $18.41 and a 200-day moving average price of $18.83. Under Armour, Inc. has a 1-year low of $16.02 and a 1-year high of $42.94.
Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The business had revenue of $1.09 billion for the quarter. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. On average, analysts forecast that Under Armour, Inc. will post $0.38 EPS for the current fiscal year.
A number of analysts have weighed in on UA shares. FBR & Co reiterated a “neutral” rating and issued a $18.00 price target on shares of Under Armour in a research report on Friday, April 14th. Robert W. Baird restated an “outperform” rating and set a $25.00 target price on shares of Under Armour in a report on Friday, April 14th. Wedbush reiterated an “outperform” rating and issued a $25.00 price target on shares of Under Armour in a report on Friday, April 14th. Canaccord Genuity set a $20.00 price target on Under Armour and gave the company a “hold” rating in a report on Thursday, April 20th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $17.00 price target on shares of Under Armour in a report on Saturday, April 22nd. Eight investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Under Armour currently has an average rating of “Hold” and a consensus target price of $18.99.
Under Armour Company Profile
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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