Delta Lloyd Asset Management N.V. bought a new position in Under Armour, Inc. (NYSE:UA) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,822 shares of the company’s stock, valued at approximately $218,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. WCM Investment Management CA lifted its position in Under Armour by 19.5% in the second quarter. WCM Investment Management CA now owns 1,368,431 shares of the company’s stock valued at $27,588,000 after purchasing an additional 223,415 shares during the last quarter. American Century Companies Inc. bought a new stake in Under Armour in the second quarter valued at approximately $19,429,000. Contrarius Investment Management Ltd bought a new stake in Under Armour in the second quarter valued at approximately $17,656,000. Great West Life Assurance Co. Can increased its stake in shares of Under Armour by 127.3% during the second quarter. Great West Life Assurance Co. Can now owns 544,203 shares of the company’s stock valued at $10,953,000 after buying an additional 304,826 shares during the period. Finally, Quantitative Investment Management LLC purchased a new position in shares of Under Armour during the first quarter valued at approximately $8,594,000. Institutional investors own 30.99% of the company’s stock.
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UA has been the topic of several research analyst reports. Vetr cut Under Armour from a “strong-buy” rating to a “buy” rating and set a $19.69 target price on the stock. in a research note on Thursday, June 1st. ValuEngine cut Under Armour from a “hold” rating to a “sell” rating in a research note on Saturday, June 3rd. Wells Fargo & Company set a $19.00 price target on Under Armour and gave the stock a “hold” rating in a research note on Thursday, June 8th. BidaskClub raised Under Armour from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Finally, Credit Suisse Group set a $17.00 price target on Under Armour and gave the stock a “sell” rating in a research note on Wednesday, June 14th. Ten research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Under Armour has an average rating of “Hold” and a consensus target price of $18.38.
Shares of Under Armour, Inc. (NYSE:UA) opened at 15.04 on Friday. The stock has a market cap of $6.63 billion, a PE ratio of 30.45 and a beta of 1.08. Under Armour, Inc. has a 12 month low of $14.98 and a 12 month high of $34.94. The firm has a 50-day moving average price of $16.14 and a 200-day moving average price of $18.02.
Under Armour (NYSE:UA) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. The firm had revenue of $1.09 billion during the quarter. Equities analysts forecast that Under Armour, Inc. will post $0.38 EPS for the current year.
About Under Armour
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.
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