Louisiana State Employees Retirement System acquired a new position in Under Armour, Inc. (NYSE:UAA) during the second quarter, Holdings Channel reports. The fund acquired 11,500 shares of the company’s stock, valued at approximately $250,000.
Several other institutional investors have also modified their holdings of the company. Roffman Miller Associates Inc. PA acquired a new position in shares of Under Armour during the second quarter worth approximately $1,741,000. Nisa Investment Advisors LLC purchased a new position in Under Armour during the second quarter worth approximately $1,541,000. LS Investment Advisors LLC purchased a new position in Under Armour during the second quarter worth approximately $174,000. Norway Savings Bank purchased a new position in Under Armour during the second quarter worth approximately $211,000. Finally, Horan Capital Management purchased a new position in Under Armour during the second quarter worth approximately $150,000. 29.59% of the stock is owned by institutional investors and hedge funds.
Shares of Under Armour, Inc. (NYSE UAA) traded down 4.15% during midday trading on Friday, hitting $17.07. 5,244,899 shares of the company were exchanged. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 34.55 and a beta of -0.07. Under Armour, Inc. has a 52-week low of $16.94 and a 52-week high of $43.85. The company has a 50-day moving average price of $19.77 and a 200-day moving average price of $20.29. Under Armour also was the target of unusually large options trading on Tuesday. Stock traders purchased 10,124 put options on the stock. This is an increase of approximately 145% compared to the typical volume of 4,129 put options.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts forecast that Under Armour, Inc. will post $0.38 EPS for the current year.
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A number of equities analysts recently commented on UAA shares. Vetr raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $22.36 price target for the company in a research note on Monday, July 10th. Credit Suisse Group reaffirmed an “underperform” rating and set a $17.00 price target on shares of Under Armour in a research note on Monday, April 24th. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, July 4th. OTR Global reaffirmed a “negative” rating on shares of Under Armour in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Under Armour in a research note on Friday, May 19th. Twelve 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. The stock currently has a consensus rating of “Hold” and an average price target 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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