Marathon Capital Management maintained its stake in shares of Under Armour, Inc. (NYSE:UA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,661 shares of the company’s stock at the close of the 2nd quarter. Marathon Capital Management’s holdings in Under Armour were worth $759,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in UA. Pacer Advisors Inc. lifted its position in shares of Under Armour by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after buying an additional 220 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in Under Armour during the 2nd quarter worth about $141,000. Compton Capital Management Inc. RI lifted its holdings in Under Armour by 1.5% during the 1st quarter. Compton Capital Management Inc. RI now owns 10,156 shares of the company’s stock worth $201,000 after purchasing an additional 150 shares in the last quarter. Great Lakes Advisors LLC purchased a new stake in Under Armour during the 2nd quarter worth about $202,000. Finally, Delta Lloyd Asset Management N.V. purchased a new stake in Under Armour during the 2nd quarter worth about $218,000. Hedge funds and other institutional investors own 31.01% of the company’s stock.
Shares of Under Armour, Inc. (NYSE:UA) traded down 0.54% during trading on Friday, hitting $16.43. The stock had a trading volume of 945,141 shares. The firm has a 50 day moving average price of $16.27 and a 200 day moving average price of $18.09. Under Armour, Inc. has a 12-month low of $14.98 and a 12-month high of $34.94. The firm has a market cap of $7.25 billion, a P/E ratio of 33.26 and a beta of 1.08.
Under Armour (NYSE:UA) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.04. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. The company had revenue of $1.09 billion for the quarter. On average, equities analysts expect that Under Armour, Inc. will post $0.38 earnings per share for the current fiscal year.
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A number of equities analysts have weighed in on the company. Jefferies Group LLC set a $28.00 price target on Under Armour and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Under Armour in a report on Tuesday, August 1st. Vetr cut Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.79 target price for the company. in a research note on Wednesday. Canaccord Genuity reiterated a “hold” rating and set a $18.00 price objective (down previously from $21.00) on shares of Under Armour in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $17.00 price objective on shares of Under Armour in a research note on Wednesday, August 2nd. Nine analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $18.60.
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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