WealthPLAN Partners LLC raised its position in shares of Under Armour Inc (NYSE:UA) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 138,829 shares of the company’s stock after buying an additional 1,814 shares during the quarter. WealthPLAN Partners LLC’s holdings in Under Armour were worth $2,631,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Thor Advisors LLC acquired a new position in Under Armour in the 1st quarter worth approximately $29,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Under Armour by 54.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,935 shares of the company’s stock worth $31,000 after buying an additional 679 shares during the period. Enlightenment Research LLC acquired a new position in Under Armour in the 4th quarter worth approximately $34,000. Rehmann Capital Advisory Group increased its holdings in Under Armour by 152.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,188 shares of the company’s stock worth $37,000 after buying an additional 1,322 shares during the period. Finally, Bremer Trust National Association acquired a new position in Under Armour in the 4th quarter worth approximately $38,000. 32.36% of the stock is owned by institutional investors and hedge funds.
Under Armour stock traded down $0.35 during trading on Monday, reaching $23.50. The company had a trading volume of 37,346 shares, compared to its average volume of 2,204,267. Under Armour Inc has a 1-year low of $15.05 and a 1-year high of $23.91. The stock has a market capitalization of $10.76 billion, a P/E ratio of 87.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 2.02.
Under Armour (NYSE:UA) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $1.20 billion for the quarter. Under Armour had a net margin of 0.12% and a return on equity of 7.05%. Sell-side analysts predict that Under Armour Inc will post 0.35 EPS for the current year.
UA has been the topic of a number of analyst reports. ValuEngine cut shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Pivotal Research reaffirmed a “hold” rating and set a $23.00 price objective on shares of Under Armour in a research note on Tuesday, April 30th. JPMorgan Chase & Co. raised shares of Under Armour from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $23.00 to $29.00 in a research note on Friday, May 17th. B. Riley set a $12.00 price objective on shares of Under Armour and gave the stock a “sell” rating in a research note on Tuesday, April 9th. Finally, Canaccord Genuity set a $13.00 price target on shares of Under Armour and gave the company a “sell” rating in a research note on Tuesday, March 19th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Under Armour currently has an average rating of “Hold” and an average price target of $20.50.
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Under Armour Company Profile
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 and cold.
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