ING Groep NV purchased a new stake in Under Armour, Inc. (NYSE:UAA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,182 shares of the company’s stock, valued at approximately $287,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of UAA. Private Capital Management Inc. bought a new position in Under Armour during the second quarter valued at approximately $141,000. Horan Capital Management bought a new position in Under Armour during the second quarter valued at approximately $150,000. LS Investment Advisors LLC bought a new position in Under Armour during the second quarter valued at approximately $174,000. Beech Hill Advisors Inc. bought a new position in Under Armour during the second quarter valued at approximately $200,000. Finally, NEXT Financial Group Inc bought a new position in Under Armour during the second quarter valued at approximately $204,000. Institutional investors and hedge funds own 29.27% of the company’s stock.
Under Armour, Inc. (NYSE:UAA) traded down 0.615% during midday trading on Friday, reaching $18.595. The company had a trading volume of 1,416,335 shares. The firm has a market capitalization of $8.20 billion, a PE ratio of 37.642 and a beta of -0.07. Under Armour, Inc. has a 12 month low of $17.92 and a 12 month high of $43.85. The firm’s 50-day moving average price is $20.21 and its 200 day moving average price is $20.67.
Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities analysts anticipate that Under Armour, Inc. will post $0.38 earnings per share for the current fiscal year.
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Several research firms have recently commented on UAA. B. Riley reiterated a “neutral” rating and set a $19.00 price target on shares of Under Armour in a report on Sunday, April 30th. UBS AG lifted their price target on Under Armour from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, April 28th. Vetr lowered Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 price target on the stock. in a report on Monday, July 17th. Telsey Advisory Group reduced their price target on Under Armour from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, August 2nd. Finally, FBR & Co reiterated an “underperform” rating and set a $14.00 price target on shares of Under Armour in a report on Wednesday, August 2nd. Twelve equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $23.29.
About Under Armour
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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