Raymond James Financial Services Advisors Inc. trimmed its holdings in Under Armour, Inc. (NYSE:UAA – Free Report) by 21.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,099 shares of the company’s stock after selling 12,842 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Under Armour were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. ExodusPoint Capital Management LP raised its position in shares of Under Armour by 190.6% during the first quarter. ExodusPoint Capital Management LP now owns 3,357,153 shares of the company’s stock valued at $31,859,000 after buying an additional 2,201,909 shares during the last quarter. State Street Corp raised its holdings in Under Armour by 29.7% in the 3rd quarter. State Street Corp now owns 9,284,969 shares of the company’s stock valued at $61,745,000 after acquiring an additional 2,128,406 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Under Armour in the 1st quarter worth approximately $29,478,000. Alyeska Investment Group L.P. acquired a new stake in shares of Under Armour during the 4th quarter worth approximately $17,169,000. Finally, Boothbay Fund Management LLC increased its position in shares of Under Armour by 1,607.2% during the first quarter. Boothbay Fund Management LLC now owns 1,470,990 shares of the company’s stock valued at $13,960,000 after purchasing an additional 1,384,825 shares during the period. Institutional investors and hedge funds own 38.45% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on UAA. TheStreet downgraded shares of Under Armour from a “c-” rating to a “d” rating in a research note on Tuesday, August 8th. StockNews.com initiated coverage on shares of Under Armour in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Telsey Advisory Group restated a “market perform” rating and set a $9.00 price target on shares of Under Armour in a research note on Thursday. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.71.
Under Armour Price Performance
Shares of UAA stock opened at $7.26 on Friday. Under Armour, Inc. has a 52 week low of $6.29 and a 52 week high of $13.05. The stock has a market capitalization of $3.23 billion, a PE ratio of 8.44, a PEG ratio of 1.16 and a beta of 1.69. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 2.04. The stock’s fifty day moving average is $7.06 and its 200-day moving average is $7.53.
Under Armour (NYSE:UAA – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.05. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Under Armour had a return on equity of 13.59% and a net margin of 6.60%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Equities research analysts expect that Under Armour, Inc. will post 0.49 EPS for the current fiscal year.
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.
Featured Stories
- Five stocks we like better than Under Armour
- How to Use the MarketBeat Stock Split Calculator
- Shocking uranium play that hedge funds kept hidden
- How to Invest in Toy Stocks
- Dependable dividends: Why utility stocks are on fire
- How to Invest in Grocery Stores
- Realtor verdict, poor revenue guidance send Zillow stock plunging
Want to see what other hedge funds are holding UAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Under Armour, Inc. (NYSE:UAA – Free Report).
Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.
