Harris Associates L P Acquires Shares of 1,139,253 Under Armour, Inc. (UA)
Harris Associates L P acquired a new stake in Under Armour, Inc. (NYSE:UA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,139,253 shares of the company’s stock, valued at approximately $22,967,000. Harris Associates L P owned 0.26% of Under Armour as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Harbour Capital Advisors LLC grew its stake in Under Armour by 665.0% in the second quarter. Harbour Capital Advisors LLC now owns 5,363 shares of the company’s stock valued at $266,000 after acquiring an additional 4,662 shares during the period. Pacer Advisors Inc. grew its stake in Under Armour by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after acquiring an additional 220 shares during the period. First Mercantile Trust Co. acquired a new stake in Under Armour in the second quarter valued at approximately $141,000. Great Lakes Advisors LLC acquired a new stake in Under Armour in the second quarter valued at approximately $202,000. Finally, Delta Lloyd Asset Management N.V. acquired a new stake in Under Armour in the second quarter valued at approximately $218,000. 30.25% of the stock is owned by hedge funds and other institutional investors.
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Shares of Under Armour, Inc. (UA) traded down 0.33% on Friday, hitting $15.02. The company had a trading volume of 4,255,817 shares. The firm’s 50 day moving average price is $16.14 and its 200-day moving average price is $18.02. The stock has a market capitalization of $6.62 billion, a PE ratio of 30.40 and a beta of 1.08. Under Armour, Inc. has a 52 week low of $14.96 and a 52 week high of $34.94.
Under Armour (NYSE:UA) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.04. The company had revenue of $1.09 billion for the quarter. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. Analysts forecast that Under Armour, Inc. will post $0.38 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the company. KeyCorp raised Under Armour to an “overweight” rating in a research note on Monday, September 25th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Under Armour in a research note on Friday, September 22nd. Wells Fargo & Company cut Under Armour from a “market perform” rating to a “sell” rating and reduced their price objective for the company from $17.00 to $13.00 in a research note on Tuesday, September 19th. Vetr cut Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.79 price objective for the company. in a research note on Wednesday, September 13th. Finally, Sanford C. Bernstein assumed coverage on Under Armour in a research note on Tuesday, September 12th. They issued an “underperform” rating and a $14.00 price objective for the company. Ten analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Under Armour presently has an average rating of “Hold” and a consensus price target of $18.38.
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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