Geode Capital Management LLC Has $42.55 Million Position in Under Armour Inc (UAA)
Geode Capital Management LLC grew its position in Under Armour Inc (NYSE:UAA) by 10.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,412,785 shares of the company’s stock after purchasing an additional 228,475 shares during the quarter. Geode Capital Management LLC’s holdings in Under Armour were worth $42,551,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bremer Trust National Association bought a new stake in shares of Under Armour during the fourth quarter worth $32,000. Penserra Capital Management LLC grew its position in Under Armour by 235.9% in the fourth quarter. Penserra Capital Management LLC now owns 4,528 shares of the company’s stock valued at $80,000 after purchasing an additional 3,180 shares in the last quarter. First Mercantile Trust Co. bought a new position in Under Armour in the fourth quarter valued at $99,000. Dupont Capital Management Corp bought a new position in Under Armour in the fourth quarter valued at $123,000. Finally, Proequities Inc. bought a new position in shares of Under Armour in the 3rd quarter valued at about $160,000. Institutional investors own 39.21% of the company’s stock.
In other Under Armour news, insider Paul Fipps sold 3,106 shares of Under Armour stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $21.55, for a total value of $66,934.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.40% of the stock is owned by insiders.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, February 12th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. Under Armour had a negative net margin of 0.89% and a positive return on equity of 6.11%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, equities research analysts expect that Under Armour Inc will post 0.33 earnings per share for the current year.
A number of brokerages have recently commented on UAA. Wells Fargo & Co downgraded shares of Under Armour from a “market perform” rating to an “underperform” rating and set a $23.50 price objective for the company. in a research report on Sunday, December 2nd. Goldman Sachs Group raised shares of Under Armour from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $24.00 to $28.00 in a research report on Tuesday, January 22nd. Atlantic Securities downgraded shares of Under Armour from a “neutral” rating to an “underweight” rating in a research report on Wednesday, December 19th. ValuEngine upgraded shares of Under Armour from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Saturday, January 5th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.78.
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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, cold, and in between the extremes.
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