Principal Financial Group Inc. Acquires 7,734 Shares of Under Armour, Inc. (NYSE:UA)

Principal Financial Group Inc. increased its holdings in shares of Under Armour, Inc. (NYSE:UA) by 1.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 719,534 shares of the company’s stock after acquiring an additional 7,734 shares during the period. Principal Financial Group Inc. owned about 0.17% of Under Armour worth $5,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of UA. BDT Capital Partners LLC raised its position in Under Armour by 22.6% during the 4th quarter. BDT Capital Partners LLC now owns 42,953,937 shares of the company’s stock valued at $358,665,000 after purchasing an additional 7,919,165 shares in the last quarter. Norges Bank bought a new stake in Under Armour during the 4th quarter valued at $19,686,000. Dimensional Fund Advisors LP raised its position in Under Armour by 28.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,206,551 shares of the company’s stock valued at $76,877,000 after purchasing an additional 2,065,273 shares in the last quarter. Vanguard Group Inc. raised its position in Under Armour by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 19,592,344 shares of the company’s stock valued at $124,999,000 after purchasing an additional 499,162 shares in the last quarter. Finally, Profit Investment Management LLC raised its position in Under Armour by 26.3% during the 1st quarter. Profit Investment Management LLC now owns 565,869 shares of the company’s stock valued at $4,040,000 after purchasing an additional 117,996 shares in the last quarter. 36.35% of the stock is owned by institutional investors.

Under Armour Stock Down 0.3 %

Shares of NYSE:UA traded down $0.02 on Friday, reaching $6.23. The company had a trading volume of 1,157,296 shares, compared to its average volume of 3,232,390. Under Armour, Inc. has a 52-week low of $5.86 and a 52-week high of $8.99. The firm’s 50 day simple moving average is $6.63 and its 200-day simple moving average is $7.22. The firm has a market capitalization of $2.72 billion, a PE ratio of 11.79 and a beta of 1.65. The company has a current ratio of 2.46, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28.

Under Armour (NYSE:UA) last announced its quarterly earnings results on Thursday, May 16th. The company reported $0.11 earnings per share (EPS) for the quarter. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The business had revenue of $1.33 billion for the quarter. As a group, analysts expect that Under Armour, Inc. will post 0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased their target price on Under Armour from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, June 24th.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.