Duality Advisers LP Invests $619,000 in Under Armour, Inc. (NYSE:UAA)

Duality Advisers LP bought a new position in Under Armour, Inc. (NYSE:UAA – Get Rating) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 93,102 shares of the company’s stock, valued at approximately $619,000.

Several other institutional investors and hedge funds have also recently modified their holdings of UAA. Teacher Retirement System of Texas lifted its position in Under Armour by 80.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 54,723 shares of the company’s stock valued at $364,000 after acquiring an additional 24,366 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in Under Armour in the third quarter worth about $96,000. DekaBank Deutsche Girozentrale purchased a new position in Under Armour in the third quarter worth about $2,128,000. Triumph Capital Management purchased a new position in Under Armour in the third quarter worth about $71,000. Finally, Great West Life Assurance Co. Can raised its holdings in Under Armour by 6.2% in the third quarter. Great West Life Assurance Co. Can now owns 120,824 shares of the company’s stock worth $802,000 after buying an additional 7,043 shares during the last quarter. 33.04% of the stock is owned by hedge funds and other institutional investors.

Under Armour Price Performance

Shares of NYSE:UAA opened at $11.72 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.09 and a quick ratio of 1.36. Under Armour, Inc. has a 1-year low of $6.38 and a 1-year high of $20.65. The company has a market capitalization of $5.30 billion, a P/E ratio of 37.81, a P/E/G ratio of 5.08 and a beta of 1.45. The firm’s 50 day simple moving average is $10.23 and its two-hundred day simple moving average is $9.00.

Under Armour (NYSE:UAA – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. Under Armour had a net margin of 2.51% and a return on equity of 9.13%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Research analysts expect that Under Armour, Inc. will post 0.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UAA. Citigroup decreased their target price on shares of Under Armour from $10.00 to $8.00 in a report on Wednesday, October 26th. Williams Trading upgraded shares of Under Armour from a “sell” rating to a “hold” rating and set a $6.50 price target for the company in a research note on Thursday, October 20th. Morgan Stanley reduced their price target on shares of Under Armour from $10.00 to $8.00 and set an “equal weight” rating for the company in a research note on Friday, November 4th. Wells Fargo & Company reduced their price target on shares of Under Armour from $20.00 to $14.00 in a research note on Friday, December 23rd. Finally, Raymond James assumed coverage on shares of Under Armour in a research note on Wednesday, October 12th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and an average price target of $10.91.

Under Armour Profile

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Under Armour, Inc, together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.