Suntrust Banks Inc. Acquires New Holdings in Under Armour, Inc. (UAA)

Suntrust Banks Inc. acquired a new stake in shares of Under Armour, Inc. (NYSE:UAA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,960 shares of the company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aviva PLC purchased a new stake in Under Armour during the second quarter valued at about $2,486,000. State of Tennessee Treasury Department purchased a new stake in Under Armour during the second quarter valued at about $4,363,000. Chilton Investment Co. LLC purchased a new stake in Under Armour during the second quarter valued at about $18,697,000. Schwab Charles Investment Management Inc. purchased a new stake in Under Armour during the second quarter valued at about $15,325,000. Finally, BKS Advisors LLC purchased a new stake in Under Armour during the second quarter valued at about $1,224,000. 30.45% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Under Armour, Inc. (NYSE UAA) opened at 16.33 on Thursday. The stock’s 50 day moving average price is $16.78 and its 200-day moving average price is $19.09. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 33.06 and a beta of -0.02. Under Armour, Inc. has a 1-year low of $15.92 and a 1-year high of $38.80.

Under Armour (NYSE:UAA) last released its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $1.09 billion for 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 business’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities research analysts forecast that Under Armour, Inc. will post $0.37 earnings per share for the current year.

Several equities research analysts have commented on UAA shares. Morgan Stanley decreased their price target on Under Armour from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, August 7th. Wedbush reiterated a “neutral” rating and set a $17.00 price target (down from $18.00) on shares of Under Armour in a research report on Tuesday, August 8th. Vetr cut Under Armour from a “sell” rating to a “strong sell” rating and set a $16.68 price target on the stock. in a research report on Wednesday, August 9th. Nomura decreased their price target on Under Armour from $15.00 to $13.00 and set a “reduce” rating on the stock in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $28.00 price target on shares of Under Armour in a research report on Wednesday, June 21st. Fourteen investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and five have issued a buy rating to the company’s stock. Under Armour presently has an average rating of “Hold” and an average price target of $19.68.

Under Armour 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.

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

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