Aperio Group LLC Lowers Holdings in Under Armour, Inc. (UAA)
Aperio Group LLC reduced its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 29.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 70,385 shares of the company’s stock after selling 28,909 shares during the period. Aperio Group LLC’s holdings in Under Armour were worth $1,160,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Aviva PLC purchased a new position in Under Armour during the 2nd quarter worth $2,486,000. State of Tennessee Treasury Department purchased a new position in Under Armour during the 2nd quarter worth $4,363,000. Chilton Investment Co. LLC purchased a new position in Under Armour during the 2nd quarter worth $18,697,000. Schwab Charles Investment Management Inc. purchased a new position in Under Armour during the 2nd quarter worth $15,325,000. Finally, BKS Advisors LLC purchased a new position in Under Armour during the 2nd quarter worth $1,224,000. 30.35% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on UAA. Vetr downgraded shares of Under Armour from a “hold” rating to a “sell” rating and set a $16.78 target price on the stock. in a report on Thursday, September 7th. Deutsche Bank AG downgraded shares of Under Armour from a “hold” rating to a “sell” rating and lowered their target price for the company from $20.27 to $17.00 in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $18.00 target price on shares of Under Armour in a report on Thursday, August 24th. Finally, Piper Jaffray Companies lowered their target price on shares of Under Armour to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, October 31st. Seventeen equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and four have given a buy rating to the stock. Under Armour has an average rating of “Hold” and a consensus target price of $17.04.
Shares of Under Armour, Inc. (UAA) opened at $13.08 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.23. Under Armour, Inc. has a 52 week low of $11.40 and a 52 week high of $33.45. The stock has a market cap of $5,768.11, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 3.87 and a beta of -0.15.
Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. sell-side analysts predict that Under Armour, Inc. will post 0.2 EPS for the current year.
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Under Armour 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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