Harvest Fund Management Co. Ltd lifted its holdings in shares of Under Armour Inc (NYSE:UAA) by 171.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,041 shares of the company’s stock after acquiring an additional 3,187 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Under Armour were worth $128,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Liberty Wealth Management LLC acquired a new position in Under Armour in the second quarter valued at about $25,000. Rehmann Capital Advisory Group acquired a new position in shares of Under Armour during the first quarter worth about $28,000. Ossiam acquired a new position in shares of Under Armour during the second quarter worth about $30,000. Bremer Bank National Association acquired a new position in shares of Under Armour during the first quarter worth about $42,000. Finally, Capital Bank & Trust Co acquired a new position in shares of Under Armour during the second quarter worth about $45,000. Hedge funds and other institutional investors own 38.48% of the company’s stock.
Several research firms have recently weighed in on UAA. Sanford C. Bernstein raised Under Armour from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $16.00 to $17.00 in a research report on Tuesday, September 3rd. ValuEngine cut Under Armour from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $25.00 price objective (up from $22.00) on shares of Under Armour in a research report on Thursday, July 25th. Wells Fargo & Co upped their price objective on Under Armour from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Thursday, June 13th. Finally, Pivotal Research reaffirmed a “hold” rating and set a $25.00 price objective (up from $23.00) on shares of Under Armour in a research report on Wednesday, July 24th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $23.88.
Shares of UAA stock traded up $0.24 during trading hours on Monday, reaching $19.81. The company’s stock had a trading volume of 129,983 shares, compared to its average volume of 3,828,969. The firm’s 50 day simple moving average is $19.46 and its 200-day simple moving average is $22.67. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 73.37, a PEG ratio of 2.11 and a beta of 0.57. Under Armour Inc has a fifty-two week low of $16.52 and a fifty-two week high of $27.72. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 0.58.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, July 30th. The company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. Under Armour had a return on equity of 7.86% and a net margin of 1.62%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.08) EPS. Sell-side analysts predict that Under Armour Inc will post 0.34 earnings per share for the current year.
Under Armour 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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