DNB Asset Management AS grew its holdings in Under Armour Inc (NYSE:UA) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,710 shares of the company’s stock after acquiring an additional 619 shares during the quarter. DNB Asset Management AS’s holdings in Under Armour were worth $303,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in UA. Wells Fargo & Company MN increased its holdings in shares of Under Armour by 699.3% in the second quarter. Wells Fargo & Company MN now owns 3,068,536 shares of the company’s stock worth $68,123,000 after acquiring an additional 2,684,657 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Under Armour by 4,061.3% in the second quarter. Nuveen Asset Management LLC now owns 933,960 shares of the company’s stock worth $20,734,000 after acquiring an additional 911,516 shares in the last quarter. CQS Cayman LP increased its holdings in shares of Under Armour by 148.1% in the second quarter. CQS Cayman LP now owns 1,403,271 shares of the company’s stock worth $31,152,000 after acquiring an additional 837,740 shares in the last quarter. Echo Street Capital Management LLC bought a new stake in shares of Under Armour in the second quarter worth about $17,149,000. Finally, Vanguard Group Inc. increased its holdings in shares of Under Armour by 3.4% in the second quarter. Vanguard Group Inc. now owns 20,520,471 shares of the company’s stock worth $455,554,000 after acquiring an additional 666,112 shares in the last quarter. Institutional investors own 33.37% of the company’s stock.
NYSE:UA opened at $19.42 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.11 and a current ratio of 1.83. The company has a market cap of $8.77 billion, a PE ratio of 50.89 and a beta of 1.05. Under Armour Inc has a 52-week low of $15.05 and a 52-week high of $24.55. The stock has a 50-day simple moving average of $18.06 and a 200 day simple moving average of $20.03.
Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, July 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The business had revenue of $1.19 billion during the quarter. Under Armour had a return on equity of 7.83% and a net margin of 1.62%.
Several equities research analysts have issued reports on UA shares. Susquehanna Bancshares set a $14.00 price target on Under Armour and gave the stock a “sell” rating in a report on Friday, October 18th. Stifel Nicolaus set a $30.00 price target on Under Armour and gave the stock a “buy” rating in a report on Friday, July 19th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a report on Thursday, October 10th. ValuEngine upgraded Under Armour from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Pivotal Research restated a “hold” rating and issued a $25.00 price target on shares of Under Armour in a report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Under Armour currently has an average rating of “Hold” and an average target price of $22.17.
In related news, insider Kevin Eskridge sold 56,500 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $17.69, for a total transaction of $999,485.00. Following the completion of the transaction, the insider now directly owns 196,374 shares in the company, valued at $3,473,856.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 15.90% of the stock is currently owned by company insiders.
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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