State Board of Administration of Florida Retirement System Acquires 4,664 Shares of Under Armour Inc (NYSE:UAA)

Share on StockTwits

State Board of Administration of Florida Retirement System lifted its position in Under Armour Inc (NYSE:UAA) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,455 shares of the company’s stock after purchasing an additional 4,664 shares during the period. State Board of Administration of Florida Retirement System owned about 0.06% of Under Armour worth $6,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legacy Financial Strategies LLC bought a new position in shares of Under Armour in the second quarter worth $238,000. Geode Capital Management LLC lifted its stake in Under Armour by 10.5% in the 4th quarter. Geode Capital Management LLC now owns 2,412,785 shares of the company’s stock worth $42,551,000 after acquiring an additional 228,475 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of Under Armour during the 1st quarter worth about $164,000. SP Asset Management purchased a new stake in shares of Under Armour during the 1st quarter worth about $208,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Under Armour during the 2nd quarter valued at about $289,000. 36.33% of the stock is owned by hedge funds and other institutional investors.

UAA has been the topic of a number of research analyst reports. ValuEngine lowered Under Armour from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Telsey Advisory Group reiterated a “market perform” rating and issued a $25.00 price objective (up previously from $22.00) on shares of Under Armour in a research report on Thursday, July 25th. Pivotal Research reiterated a “hold” rating and issued a $25.00 price objective (up previously from $23.00) on shares of Under Armour in a research report on Wednesday, July 24th. Wells Fargo & Co lifted their target price on Under Armour from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Thursday, June 13th. Finally, Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, May 8th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $24.47.

UAA traded up $0.11 on Wednesday, hitting $17.93. 27,120 shares of the company were exchanged, compared to its average volume of 6,587,114. Under Armour Inc has a 12 month low of $16.52 and a 12 month high of $27.72. The company has a market cap of $8.12 billion, a PE ratio of 66.67, a PEG ratio of 1.96 and a beta of 0.51. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.11 and a current ratio of 1.83. The stock’s fifty day moving average is $22.89 and its 200-day moving average is $22.95.

Under Armour (NYSE:UAA) last released its earnings results on Tuesday, July 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Under Armour had a return on equity of 7.86% and a net margin of 1.62%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the company posted ($0.08) earnings per share. Under Armour’s revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts expect that Under Armour Inc will post 0.34 EPS for the current fiscal year.

Under Armour 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 and cold.

Read More: How to invest in a bear market

Want to see what other hedge funds are holding UAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Under Armour Inc (NYSE:UAA).

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

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

SportyCo Hits One Day Trading Volume of $312.00
SportyCo Hits One Day Trading Volume of $312.00
TrueFlip Trading Down 23.6% Over Last 7 Days
TrueFlip Trading Down 23.6% Over Last 7 Days
Nebula AI  Trading 32.2% Higher  Over Last 7 Days
Nebula AI Trading 32.2% Higher Over Last 7 Days
Ether-1 Trading Down 13.6% Over Last 7 Days
Ether-1 Trading Down 13.6% Over Last 7 Days
HyreCar Inc  Given Consensus Recommendation of “Buy” by Analysts
HyreCar Inc Given Consensus Recommendation of “Buy” by Analysts
Contrasting Evergy  and Its Competitors
Contrasting Evergy and Its Competitors


© 2006-2019 Ticker Report