NEXT Financial Group Inc bought a new stake in Under Armour, Inc. (NYSE:UAA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,396 shares of the company’s stock, valued at approximately $204,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in UAA. Webster Bank N. A. bought a new stake in Under Armour during the second quarter worth about $282,000. Fulton Bank N.A. bought a new stake in Under Armour during the second quarter worth about $307,000. Bank of The West bought a new stake in Under Armour during the second quarter worth about $309,000. Carlton Hofferkamp & Jenks Wealth Management LLC bought a new stake in Under Armour during the second quarter worth about $312,000. Finally, Capstone Asset Management Co. bought a new stake in Under Armour during the second quarter worth about $330,000. Institutional investors own 29.27% of the company’s stock.
Shares of Under Armour, Inc. (NYSE UAA) traded up 3.72% during midday trading on Tuesday, hitting $19.25. 4,837,678 shares of the stock traded hands. The company has a market capitalization of $8.48 billion, a P/E ratio of 38.97 and a beta of -0.07. The stock has a 50 day moving average of $20.41 and a 200 day moving average of $20.97. Under Armour, Inc. has a 1-year low of $17.92 and a 1-year high of $43.85.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts predict that Under Armour, Inc. will post $0.37 earnings per share for the current fiscal year.
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A number of analysts have recently issued reports on UAA shares. Vetr raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $22.36 price target for the company in a research report on Monday, July 10th. Credit Suisse Group reissued an “underperform” rating and issued a $17.00 price target on shares of Under Armour in a research report on Monday, April 24th. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Tuesday, July 4th. FBR & Co cut their price objective on shares of Under Armour from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, April 17th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Under Armour in a research report on Tuesday, April 11th. Thirteen analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $23.29.
In other Under Armour news, Director A B. Krongard sold 4,799 shares of Under Armour stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $21.33, for a total value of $102,362.67. Following the completion of the sale, the director now directly owns 116,297 shares in the company, valued at $2,480,615.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 16.40% of the company’s stock.
Under Armour Company Profile
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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