ETF Managers Group LLC increased its stake in shares of Under Armour Inc (NYSE:UAA) by 9.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 8,754 shares of the company’s stock after acquiring an additional 781 shares during the period. ETF Managers Group LLC’s holdings in Under Armour were worth $185,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC acquired a new position in shares of Under Armour in the 1st quarter valued at approximately $25,000. Bremer Trust National Association acquired a new position in shares of Under Armour in the 4th quarter valued at approximately $32,000. Oregon Public Employees Retirement Fund raised its position in shares of Under Armour by 3,672.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 762,920 shares of the company’s stock valued at $43,000 after purchasing an additional 742,694 shares in the last quarter. Whittier Trust Co. raised its position in shares of Under Armour by 687.2% in the 1st quarter. Whittier Trust Co. now owns 3,700 shares of the company’s stock valued at $78,000 after purchasing an additional 3,230 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in shares of Under Armour by 235.9% in the 4th quarter. Penserra Capital Management LLC now owns 4,528 shares of the company’s stock valued at $80,000 after purchasing an additional 3,180 shares in the last quarter. 35.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE UAA opened at $23.46 on Friday. Under Armour Inc has a twelve month low of $16.52 and a twelve month high of $24.96. The company has a quick ratio of 1.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $10.95 billion, a PE ratio of 86.89, a PEG ratio of 3.30 and a beta of 0.45.
Under Armour (NYSE:UAA) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share for the quarter. Under Armour had a return on equity of 7.17% and a net margin of 0.12%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts forecast that Under Armour Inc will post 0.35 EPS for the current year.
A number of equities analysts have issued reports on UAA shares. ValuEngine raised Under Armour from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Citigroup raised Under Armour from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.00 to $29.00 in a research report on Wednesday, April 10th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, February 15th. Morgan Stanley upped their target price on Under Armour from $21.00 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, February 14th. Finally, Pivotal Research reaffirmed a “hold” rating and issued a $22.00 target price (down from $24.00) on shares of Under Armour in a research report on Thursday, February 7th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.03.
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Under Armour Company Profile
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.
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