People s United Financial Inc. cut its stake in shares of Under Armour, Inc. (NYSE:UA) by 51.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,288 shares of the company’s stock after selling 14,012 shares during the quarter. People s United Financial Inc.’s holdings in Under Armour were worth $268,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in shares of Under Armour by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock worth $137,000 after buying an additional 220 shares during the last quarter. CWM LLC lifted its stake in Under Armour by 1.4% in the second quarter. CWM LLC now owns 29,107 shares of the company’s stock valued at $587,000 after purchasing an additional 392 shares during the last quarter. National Planning Corp lifted its stake in Under Armour by 3.2% in the second quarter. National Planning Corp now owns 13,589 shares of the company’s stock valued at $279,000 after purchasing an additional 423 shares during the last quarter. Grandeur Peak Global Advisors LLC lifted its stake in Under Armour by 2.8% in the first quarter. Grandeur Peak Global Advisors LLC now owns 47,250 shares of the company’s stock valued at $935,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Trust Investment Advisors lifted its stake in Under Armour by 11.2% in the second quarter. Trust Investment Advisors now owns 18,701 shares of the company’s stock valued at $377,000 after purchasing an additional 1,883 shares during the last quarter. 30.25% of the stock is currently owned by hedge funds and other institutional investors.
Under Armour, Inc. (NYSE:UA) opened at 15.11 on Wednesday. The stock has a market cap of $6.66 billion, a PE ratio of 30.59 and a beta of 1.16. Under Armour, Inc. has a 52 week low of $14.80 and a 52 week high of $34.20. The stock’s 50 day moving average is $15.52 and its 200 day moving average is $17.66.
Under Armour (NYSE:UA) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.04. The business had revenue of $1.09 billion during the quarter. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. Analysts predict that Under Armour, Inc. will post $0.37 EPS for the current year.
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Several research firms have issued reports on UA. Vetr upgraded Under Armour from a “hold” rating to a “buy” rating and set a $18.88 target price on the stock in a research report on Tuesday, July 25th. Jefferies Group LLC set a $28.00 target price on Under Armour and gave the stock a “buy” rating in a research report on Monday, July 31st. Deutsche Bank AG cut shares of Under Armour from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Wells Fargo & Company cut Under Armour from a “market perform” rating to a “sell” rating and reduced their target price for the company from $17.00 to $13.00 in a research note on Tuesday, September 19th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Under Armour in a research note on Friday, September 22nd. Nine analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Under Armour currently has an average rating of “Hold” and a consensus target price of $17.99.
Under Armour 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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