Polaris Greystone Financial Group LLC bought a new position in Under Armour Inc (NYSE:UAA) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 164,894 shares of the company’s stock, valued at approximately $3,494,000.
Other hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Under Armour in the third quarter worth about $31,000. Steward Partners Investment Advisory LLC increased its stake in Under Armour by 14.4% during the third quarter. Steward Partners Investment Advisory LLC now owns 5,284 shares of the company’s stock worth $105,000 after acquiring an additional 667 shares during the last quarter. Penserra Capital Management LLC bought a new stake in Under Armour during the third quarter worth approximately $127,000. CNB Bank increased its stake in Under Armour by 380.1% during the third quarter. CNB Bank now owns 8,316 shares of the company’s stock worth $166,000 after acquiring an additional 6,584 shares during the last quarter. Finally, Legacy Financial Strategies LLC bought a new stake in Under Armour during the fourth quarter worth approximately $205,000. 39.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE UAA traded down $0.44 during trading hours on Friday, reaching $20.42. The stock had a trading volume of 177,178 shares, compared to its average volume of 4,782,279. The company has a current ratio of 2.05, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55. The firm has a market cap of $9.26 billion, a price-to-earnings ratio of 81.68, a P/E/G ratio of 1.64 and a beta of 0.57. The business’s fifty day moving average price is $20.85 and its two-hundred day moving average price is $20.44. Under Armour Inc has a 52-week low of $16.74 and a 52-week high of $27.72.
Under Armour (NYSE:UAA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. Under Armour had a return on equity of 7.24% and a net margin of 2.14%. Under Armour’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. Equities research analysts anticipate that Under Armour Inc will post 0.34 earnings per share for the current fiscal year.
Several brokerages have weighed in on UAA. Susquehanna Bancshares reduced their price objective on Under Armour from $16.00 to $14.00 and set a “negative” rating on the stock in a research note on Friday, October 18th. KeyCorp reduced their price objective on Under Armour from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Goldman Sachs Group set a $26.00 price objective on Under Armour and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Consumer Edge began coverage on Under Armour in a research note on Friday, December 27th. They set an “equal weight” rating and a $23.00 price objective on the stock. Finally, Pivotal Research reduced their price objective on Under Armour from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $22.16.
Under Armour 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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