Baird Financial Group Inc. Reduces Stake in Under Armour Inc (UA)

Baird Financial Group Inc. decreased its holdings in shares of Under Armour Inc (NYSE:UA) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,071 shares of the company’s stock after selling 3,469 shares during the period. Baird Financial Group Inc.’s holdings in Under Armour were worth $2,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its position in shares of Under Armour by 155.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,264 shares of the company’s stock worth $111,000 after acquiring an additional 3,200 shares in the last quarter. US Bancorp DE raised its position in shares of Under Armour by 88.4% in the 2nd quarter. US Bancorp DE now owns 8,459 shares of the company’s stock worth $178,000 after acquiring an additional 3,969 shares in the last quarter. Rhumbline Advisers raised its position in shares of Under Armour by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 325,109 shares of the company’s stock worth $6,853,000 after acquiring an additional 4,107 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Under Armour by 9.1% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 62,421 shares of the company’s stock worth $1,316,000 after acquiring an additional 5,200 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Under Armour by 1.6% in the 2nd quarter. Sei Investments Co. now owns 329,244 shares of the company’s stock worth $6,940,000 after acquiring an additional 5,240 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

UA traded down $0.13 during trading on Monday, hitting $17.68. 1,824,700 shares of the company’s stock traded hands, compared to its average volume of 3,554,191. Under Armour Inc has a 12-month low of $10.36 and a 12-month high of $22.68. The company has a market cap of $8.66 billion, a price-to-earnings ratio of 93.95 and a beta of -0.67.

Under Armour (NYSE:UA) last issued its earnings results on Thursday, July 26th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The business had revenue of $1.17 billion for the quarter. Equities analysts expect that Under Armour Inc will post 0.17 earnings per share for the current fiscal year.

In other Under Armour news, CFO David Bergman sold 5,000 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $19.89, for a total transaction of $99,450.00. Following the sale, the chief financial officer now directly owns 165,166 shares in the company, valued at approximately $3,285,151.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 16.00% of the company’s stock.

Several research analysts have recently issued reports on the company. Pivotal Research reissued a “hold” rating and issued a $21.00 target price on shares of Under Armour in a research report on Tuesday, July 17th. Wedbush raised their price objective on Under Armour from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, July 20th. Morgan Stanley assumed coverage on Under Armour in a research report on Wednesday, August 1st. They set a “hold” rating and a $20.00 price objective for the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $20.00 price objective on shares of Under Armour in a research report on Thursday, July 26th. Finally, ValuEngine raised Under Armour from a “hold” rating to a “buy” rating in a research report on Saturday, September 22nd. Eight equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.17.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.

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Institutional Ownership by Quarter for Under Armour (NYSE:UA)

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