Wells Fargo & Company MN lifted its stake in shares of Under Armour Inc (NYSE:UAA) by 27.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 715,675 shares of the company’s stock after acquiring an additional 154,279 shares during the period. Wells Fargo & Company MN owned 0.16% of Under Armour worth $6,592,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in UAA. Covington Capital Management grew its holdings in Under Armour by 244.0% in the fourth quarter. Covington Capital Management now owns 1,720 shares of the company’s stock valued at $37,000 after purchasing an additional 1,220 shares during the period. TFG Advisers LLC acquired a new position in Under Armour in the fourth quarter valued at $44,000. Sunbelt Securities Inc. acquired a new position in Under Armour in the fourth quarter valued at $13,160,000. Golden State Wealth Management LLC purchased a new stake in Under Armour during the first quarter valued at about $27,000. Finally, Vestcor Investment Management Corp acquired a new stake in Under Armour during the fourth quarter worth about $71,000. 34.52% of the stock is currently owned by institutional investors and hedge funds.
UAA stock opened at $9.74 on Wednesday. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of -8.54 and a beta of 1.16. Under Armour Inc has a 1-year low of $7.15 and a 1-year high of $27.72. The firm has a fifty day moving average price of $9.30 and a two-hundred day moving average price of $13.76. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.70 and a quick ratio of 1.14.
Under Armour (NYSE:UAA) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.15). The business had revenue of $930.20 million during the quarter, compared to analyst estimates of $939.22 million. Under Armour had a negative net margin of 10.42% and a negative return on equity of 1.18%. The company’s quarterly revenue was down 22.8% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. As a group, analysts expect that Under Armour Inc will post -0.46 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the company. Barclays reduced their price objective on Under Armour from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Goldman Sachs Group cut shares of Under Armour from a “buy” rating to a “neutral” rating and reduced their price target for the company from $21.00 to $9.00 in a research report on Wednesday, March 25th. KeyCorp dropped their price objective on shares of Under Armour from $23.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Credit Suisse Group restated a “neutral” rating and set a $10.00 target price on shares of Under Armour in a report on Friday, May 8th. Finally, TheStreet downgraded Under Armour from a “c-” rating to a “d+” rating in a report on Tuesday, April 21st. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $11.53.
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 and cold.
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