Teachers Advisors LLC acquired a new position in Under Armour, Inc. (NYSE:UAA) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 236,808 shares of the company’s stock, valued at approximately $5,153,000. Teachers Advisors LLC owned 0.05% of Under Armour at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. purchased a new position in shares of Under Armour in the second quarter worth about $532,573,000. Bank of New York Mellon Corp purchased a new position in shares of Under Armour in the second quarter worth about $30,172,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Under Armour in the second quarter worth about $27,018,000. SG Americas Securities LLC purchased a new position in shares of Under Armour in the second quarter worth about $25,355,000. Finally, Chilton Investment Co. LLC purchased a new position in shares of Under Armour in the second quarter worth about $18,697,000. Hedge funds and other institutional investors own 30.47% of the company’s stock.
Shares of Under Armour, Inc. (UAA) opened at 16.84 on Wednesday. The company has a market capitalization of $7.43 billion, a PE ratio of 34.09 and a beta of -0.02. Under Armour, Inc. has a 52-week low of $15.92 and a 52-week high of $39.20. The firm’s 50-day moving average price is $16.87 and its 200 day moving average price is $19.25.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. Under Armour’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities analysts forecast that Under Armour, Inc. will post $0.37 earnings per share for the current year.
Several research firms have recently commented on UAA. Wedbush reiterated a “neutral” rating and issued a $17.00 price objective (down previously from $18.00) on shares of Under Armour in a report on Tuesday, August 8th. Vetr downgraded Under Armour from a “sell” rating to a “strong sell” rating and set a $16.68 price objective on the stock. in a report on Wednesday, August 9th. Zacks Investment Research downgraded Under Armour from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Telsey Advisory Group reiterated a “market perform” rating and issued a $18.00 price objective (down previously from $21.00) on shares of Under Armour in a report on Tuesday, August 8th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Under Armour in a report on Friday, August 11th. Thirteen investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.87.
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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