Prudential Financial Inc. Cuts Stake in Under Armour Inc (UAA)

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Prudential Financial Inc. decreased its stake in Under Armour Inc (NYSE:UAA) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 203,258 shares of the company’s stock after selling 740 shares during the quarter. Prudential Financial Inc.’s holdings in Under Armour were worth $3,592,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Under Armour by 102.8% in the third quarter. Vanguard Group Inc. now owns 38,049,952 shares of the company’s stock worth $773,692,000 after buying an additional 19,284,810 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Under Armour by 0.6% in the third quarter. Vanguard Group Inc now owns 18,886,120 shares of the company’s stock worth $400,763,000 after buying an additional 120,978 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Under Armour by 2.7% in the third quarter. Loomis Sayles & Co. L P now owns 6,011,402 shares of the company’s stock worth $127,562,000 after buying an additional 159,625 shares during the last quarter. FMR LLC boosted its stake in shares of Under Armour by 0.6% in the third quarter. FMR LLC now owns 3,566,570 shares of the company’s stock worth $75,683,000 after buying an additional 21,492 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Under Armour by 15.5% in the third quarter. Bank of New York Mellon Corp now owns 2,891,012 shares of the company’s stock worth $61,346,000 after buying an additional 388,266 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

A number of analysts have recently commented on UAA shares. ValuEngine upgraded Under Armour from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Goldman Sachs Group upgraded Under Armour from a “neutral” rating to a “buy” rating and upped their target price for the stock from $24.00 to $28.00 in a research note on Tuesday, January 22nd. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Saturday, January 5th. Morgan Stanley upped their target price on Under Armour from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 14th. Finally, Pivotal Research reiterated a “hold” rating and set a $22.00 price target (down previously from $24.00) on shares of Under Armour in a research report on Thursday, February 7th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $22.78.

NYSE UAA opened at $22.35 on Friday. Under Armour Inc has a 1-year low of $15.60 and a 1-year high of $24.96. The company has a market capitalization of $9.91 billion, a PE ratio of 82.78, a PEG ratio of 2.88 and a beta of 0.43. The company has a current ratio of 1.97, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, February 12th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. Under Armour had a positive return on equity of 6.11% and a negative net margin of 0.89%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, research analysts predict that Under Armour Inc will post 0.33 earnings per share for the current fiscal year.

In other Under Armour news, insider Paul Fipps sold 3,106 shares of Under Armour stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $21.55, for a total transaction of $66,934.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.40% of the stock is owned by insiders.

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Under Armour Company Profile

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, cold, and in between the extremes.

Read More: How Do You Calculate Return on Equity (ROE)?

Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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