Oregon Public Employees Retirement Fund Invests $415,000 in Under Armour, Inc. (NYSE:UAA)

Oregon Public Employees Retirement Fund bought a new position in shares of Under Armour, Inc. (NYSE:UAA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,089 shares of the company’s stock, valued at approximately $415,000.

A number of other large investors also recently bought and sold shares of UAA. NEXT Financial Group Inc bought a new stake in Under Armour during the second quarter worth about $204,000. Webster Bank N. A. bought a new stake in Under Armour during the second quarter worth about $282,000. Fulton Bank N.A. bought a new stake in Under Armour during the second quarter worth about $307,000. Bank of The West bought a new stake in Under Armour during the second quarter worth about $309,000. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC bought a new stake in Under Armour during the second quarter worth about $312,000. Institutional investors own 29.59% of the company’s stock.

Shares of Under Armour, Inc. (NYSE UAA) opened at 17.12 on Friday. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 34.66 and a beta of -0.07. Under Armour, Inc. has a 12-month low of $16.94 and a 12-month high of $43.85. The company has a 50-day moving average price of $19.65 and a 200 day moving average price of $20.20.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Equities research analysts expect that Under Armour, Inc. will post $0.38 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on UAA shares. Susquehanna Bancshares Inc raised their target price on Under Armour from $14.00 to $17.00 in a research note on Friday, July 7th. Vetr cut shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $22.03 price objective on the stock. in a research note on Wednesday, April 26th. Jefferies Group LLC restated a “buy” rating and set a $28.00 price objective on shares of Under Armour in a research note on Friday, May 19th. Zacks Investment Research upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, July 4th. Finally, Morgan Stanley cut their price objective on shares of Under Armour from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, August 7th. Twelve investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average 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.

Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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