Hartford Investment Management Co. Boosts Position in Under Armour Inc (UAA)
Hartford Investment Management Co. boosted its stake in shares of Under Armour Inc (NYSE:UAA) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,729 shares of the company’s stock after buying an additional 5,598 shares during the quarter. Hartford Investment Management Co.’s holdings in Under Armour were worth $754,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of UAA. Baillie Gifford & Co. bought a new position in Under Armour during the second quarter valued at about $532,573,000. Vanguard Group Inc. bought a new position in Under Armour during the second quarter valued at about $393,172,000. BlackRock Inc. bought a new position in Under Armour during the second quarter valued at about $238,861,000. State Street Corp purchased a new stake in Under Armour during the second quarter valued at about $157,325,000. Finally, Bamco Inc. NY purchased a new stake in Under Armour during the second quarter valued at about $151,334,000. Institutional investors own 31.23% of the company’s stock.
Under Armour Inc (NYSE:UAA) traded down $0.33 during mid-day trading on Tuesday, hitting $13.02. 2,481,685 shares of the company traded hands, compared to its average volume of 5,561,811. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.23. The company has a market capitalization of $5,808.31, a PE ratio of 32.07, a price-to-earnings-growth ratio of 3.89 and a beta of -0.13. Under Armour Inc has a one year low of $11.40 and a one year high of $33.45.
Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. Under Armour’s revenue for the quarter was down 4.5% on a year-over-year basis. equities analysts anticipate that Under Armour Inc will post 0.2 earnings per share for the current fiscal year.
Several research firms have commented on UAA. UBS dropped their price objective on shares of Under Armour from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. Buckingham Research reaffirmed an “underperform” rating and set a $14.00 price objective (down from $15.00) on shares of Under Armour in a report on Wednesday, August 9th. Canaccord Genuity reaffirmed a “hold” rating and set a $18.00 price objective (down from $21.00) on shares of Under Armour in a report on Tuesday, August 8th. Vetr raised shares of Under Armour from a “strong sell” rating to a “sell” rating and set a $16.78 price objective on the stock in a report on Thursday, August 10th. Finally, Wedbush reaffirmed a “neutral” rating and set a $11.00 price objective (down from $17.00) on shares of Under Armour in a report on Wednesday, November 1st. Eighteen research analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.92.
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.
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