Sumitomo Mitsui Asset Management Company LTD acquired a new position in Under Armour, Inc. (NYSE:UAA) during the second quarter, according to its most recent filing with the SEC. The firm acquired 16,265 shares of the company’s stock, valued at approximately $353,000.
Other institutional investors have also recently modified their holdings of the company. Cornerstone Advisors Inc. purchased a new position in shares of Under Armour during the second quarter worth approximately $124,000. Private Capital Management Inc. purchased a new position in shares of Under Armour during the second quarter worth approximately $141,000. Horan Capital Management purchased a new position in shares of Under Armour during the second quarter worth approximately $150,000. LS Investment Advisors LLC purchased a new position in shares of Under Armour during the second quarter worth approximately $174,000. Finally, Beech Hill Advisors Inc. purchased a new position in shares of Under Armour during the second quarter worth approximately $200,000. Hedge funds and other institutional investors own 29.27% of the company’s stock.
Shares of Under Armour, Inc. (NYSE UAA) opened at 18.55 on Friday. The company’s 50-day moving average is $20.15 and its 200 day moving average is $20.60. Under Armour, Inc. has a 1-year low of $17.92 and a 1-year high of $43.85. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 37.55 and a beta of -0.07.
Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts expect that Under Armour, Inc. will post $0.38 EPS for the current fiscal year.
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Several equities research analysts have recently weighed in on UAA shares. Susquehanna Bancshares Inc boosted their target price on shares of Under Armour from $14.00 to $17.00 in a research report on Friday, July 7th. Vetr downgraded shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $22.03 target price for the company. in a research report on Wednesday, April 26th. Jefferies Group LLC reissued a “buy” rating and issued a $28.00 target price on shares of Under Armour in a research report on Friday, May 19th. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, July 4th. Finally, Morgan Stanley dropped their target price on shares of Under Armour from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, August 7th. Twelve investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have issued a buy rating to the company’s stock. Under Armour currently has a consensus rating of “Hold” and a consensus target price of $23.29.
About Under Armour
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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