LMR Partners LLP boosted its position in shares of Under Armour Inc. (NYSE:UA) by 163.8% during the second quarter, Holdings Channel reports. The firm owned 21,284 shares of the apparel retailer’s stock after buying an additional 13,217 shares during the period. LMR Partners LLP’s holdings in Under Armour were worth $854,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of UA. Carnick & Kubik LLC bought a new stake in Under Armour during the first quarter valued at about $140,000. Boothbay Fund Management LLC bought a new stake in Under Armour during the first quarter valued at about $204,000. Prospera Financial Services Inc increased its stake in Under Armour by 34.9% in the second quarter. Prospera Financial Services Inc now owns 5,121 shares of the apparel retailer’s stock valued at $206,000 after buying an additional 1,325 shares during the period. HL Financial Services LLC increased its stake in Under Armour by 2.1% in the second quarter. HL Financial Services LLC now owns 5,213 shares of the apparel retailer’s stock valued at $209,000 after buying an additional 105 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in Under Armour by 92.3% in the first quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the apparel retailer’s stock valued at $212,000 after buying an additional 1,200 shares during the period. Hedge funds and other institutional investors own 36.56% of the company’s stock.
Under Armour Inc. (NYSE:UA) traded up 1.310% during mid-day trading on Monday, hitting $38.275. The company’s stock had a trading volume of 2,994,727 shares. The firm has a market cap of $16.74 billion, a price-to-earnings ratio of 98.647 and a beta of 0.39. The firm has a 50 day moving average of $39.73 and a 200-day moving average of $40.19. Under Armour Inc. has a 52-week low of $31.62 and a 52-week high of $52.37.
Under Armour (NYSE:UA) last announced its quarterly earnings results on Tuesday, July 26th. The apparel retailer reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. The company had revenue of $1 million for the quarter, compared to analyst estimates of $995.14 million. Under Armour had a return on equity of 13.79% and a net margin of 5.24%. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter last year, the company posted $0.07 earnings per share. On average, equities research analysts expect that Under Armour Inc. will post $0.58 EPS for the current fiscal year.
UA has been the subject of several research analyst reports. Canaccord Genuity reissued a “buy” rating and set a $65.00 price objective on shares of Under Armour in a research report on Sunday, September 11th. Zacks Investment Research raised Under Armour from a “sell” rating to a “hold” rating in a research report on Monday, June 27th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Under Armour in a research report on Wednesday, September 28th. William Blair reissued an “outperform” rating on shares of Under Armour in a research report on Thursday, August 18th. Finally, Susquehanna began coverage on Under Armour in a research report on Friday, August 12th. They set a “positive” rating and a $42.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $56.70.
In related news, Director Douglas E. Coltharp sold 6,648 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $41.78, for a total value of $277,753.44. Following the sale, the director now owns 61,720 shares of the company’s stock, valued at $2,578,661.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Byron K. Adams, Jr. sold 34,726 shares of the business’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $40.00, for a total transaction of $1,389,040.00. Following the completion of the sale, the director now directly owns 46,293 shares in the company, valued at approximately $1,851,720. The disclosure for this sale can be found here. Insiders own 16.50% of the company’s stock.
Under Armour Company Profile
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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