Stearns Financial Services Group held its stake in Under Armour, Inc. (NYSE:UA) during the second quarter, Holdings Channel reports. The firm owned 18,316 shares of the company’s stock at the end of the second quarter. Stearns Financial Services Group’s holdings in Under Armour were worth $369,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its stake in Under Armour by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock worth $137,000 after buying an additional 220 shares in the last quarter. Private Capital Management Inc. bought a new position in shares of Under Armour during the first quarter valued at approximately $158,000. Compton Capital Management Inc. RI raised its position in shares of Under Armour by 1.5% in the first quarter. Compton Capital Management Inc. RI now owns 10,156 shares of the company’s stock valued at $201,000 after buying an additional 150 shares during the last quarter. First Financial Equity Corporation bought a new position in shares of Under Armour during the first quarter valued at approximately $225,000. Finally, Kessler Investment Group LLC bought a new position in shares of Under Armour during the second quarter valued at approximately $252,000. Institutional investors and hedge funds own 56.34% of the company’s stock.
Under Armour, Inc. (NYSE:UA) opened at 17.17 on Thursday. The firm’s 50-day moving average is $18.53 and its 200-day moving average is $18.90. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 34.76 and a beta of 0.78. Under Armour, Inc. has a 52-week low of $16.02 and a 52-week high of $42.94.
Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The business had revenue of $1.09 billion during the quarter. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. Analysts predict that Under Armour, Inc. will post $0.38 earnings per share for the current year.
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Several brokerages recently commented on UA. Buckingham Research set a $14.00 price objective on shares of Under Armour and gave the company a “sell” rating in a research report on Thursday, August 3rd. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Under Armour in a research report on Friday, July 7th. Vetr raised shares of Under Armour from a “sell” rating to a “hold” rating and set a $19.90 price objective for the company in a research report on Thursday, June 15th. FBR & Co reaffirmed an “underperform” rating and issued a $14.00 price objective on shares of Under Armour in a research report on Wednesday, August 2nd. Finally, Deutsche Bank AG reaffirmed a “sell” rating and issued a $16.00 price objective (down from $17.00) on shares of Under Armour in a research report on Wednesday, August 2nd. Eight investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $19.02.
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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