Capstone Asset Management Co. Purchases New Position in Under Armour, Inc. (UAA)
Capstone Asset Management Co. purchased a new position in Under Armour, Inc. (NYSE:UAA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,178 shares of the company’s stock, valued at approximately $330,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Carlton Hofferkamp & Jenks Wealth Management LLC acquired a new position in shares of Under Armour during the second quarter worth $312,000. DnB Asset Management AS acquired a new position in shares of Under Armour during the second quarter worth $405,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of Under Armour during the first quarter worth $405,000. Xact Kapitalforvaltning AB acquired a new position in shares of Under Armour during the second quarter worth $474,000. Finally, Burns J W & Co. Inc. NY acquired a new position in shares of Under Armour during the second quarter worth $480,000. 29.27% of the stock is currently owned by institutional investors.
Shares of Under Armour, Inc. (UAA) traded down 0.64% during trading on Friday, reaching $18.59. 1,120,269 shares of the company’s stock were exchanged. The company has a market capitalization of $8.20 billion, a PE ratio of 37.63 and a beta of -0.07. Under Armour, Inc. has a 52-week low of $17.92 and a 52-week high of $43.85. The company has a 50 day moving average price of $20.21 and a 200-day moving average price of $20.67.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities analysts forecast that Under Armour, Inc. will post $0.38 earnings per share for the current year.
A number of research analysts have weighed in on the company. Vetr raised Under Armour from a “buy” rating to a “strong-buy” rating and set a $22.90 price target on the stock in a research note on Monday, May 15th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, July 4th. OTR Global reissued a “negative” rating on shares of Under Armour in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Under Armour in a research note on Tuesday, April 25th. Finally, Credit Suisse Group reissued an “underperform” rating and set a $17.00 price target on shares of Under Armour in a research note on Wednesday, August 2nd. Thirteen analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price 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.
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).
Receive News & Ratings for Under Armour Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.