Airain ltd Acquires Shares of 67,753 Under Armour, Inc. (UAA)
Airain ltd acquired a new position in Under Armour, Inc. (NYSE:UAA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 67,753 shares of the company’s stock, valued at approximately $1,474,000.
Several other institutional investors have also recently added to or reduced their stakes in UAA. Nepsis Capital Management Inc. purchased a new position in Under Armour during the second quarter worth approximately $3,079,000. Gateway Investment Advisers LLC purchased a new position in Under Armour during the second quarter worth approximately $12,957,000. Fulton Bank N.A. purchased a new position in Under Armour during the second quarter worth approximately $307,000. Covenant Asset Management LLC purchased a new position in Under Armour during the second quarter worth approximately $809,000. Finally, City Holding Co. purchased a new position in Under Armour during the second quarter worth approximately $532,000. Institutional investors own 30.52% of the company’s stock.
Shares of Under Armour, Inc. (UAA) opened at 16.15 on Friday. Under Armour, Inc. has a 52 week low of $16.12 and a 52 week high of $42.55. The company has a market cap of $7.12 billion, a P/E ratio of 32.69 and a beta of -0.07. The firm’s 50-day moving average price is $18.61 and its 200 day moving average price is $19.92.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. Under Armour’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities analysts predict that Under Armour, Inc. will post $0.38 EPS for the current fiscal year.
A number of research firms have recently commented on UAA. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, July 4th. Vetr downgraded Under Armour from a “buy” rating to a “hold” rating and set a $21.99 price objective on the stock. in a report on Monday, June 12th. Wells Fargo & Company restated a “market perform” rating and issued a $19.00 price objective on shares of Under Armour in a report on Friday, June 9th. Credit Suisse Group restated an “underperform” rating and issued a $17.00 price objective on shares of Under Armour in a report on Friday, June 16th. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Under Armour in a report on Friday, July 7th. Eleven investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have given a buy rating to the company’s stock. Under Armour presently has a consensus rating of “Hold” and an average price target of $22.65.
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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