Principal Financial Group Inc. Takes $5.69 Million Position in Under Armour, Inc. (UAA)
Principal Financial Group Inc. purchased a new stake in Under Armour, Inc. (NYSE:UAA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 261,392 shares of the company’s stock, valued at approximately $5,688,000. Principal Financial Group Inc. owned approximately 0.06% of Under Armour at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Aviva PLC bought a new position in Under Armour in the 2nd quarter worth approximately $2,486,000. BKS Advisors LLC bought a new position in Under Armour in the 2nd quarter valued at $1,224,000. Legal & General Group Plc bought a new position in Under Armour in the 2nd quarter valued at $17,854,000. Tobam bought a new position in Under Armour in the 2nd quarter valued at $5,966,000. Finally, Mn Services Vermogensbeheer B.V. bought a new position in Under Armour in the 2nd quarter valued at $651,000. 30.48% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on the company. Vetr downgraded Under Armour from a “buy” rating to a “hold” rating and set a $20.66 target price for the company. in a research report on Monday, June 5th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $19.00 price target on shares of Under Armour in a research note on Friday, June 9th. Credit Suisse Group reiterated an “underperform” rating and issued a $17.00 price objective on shares of Under Armour in a research report on Friday, June 16th. Jefferies Group LLC reissued a “buy” rating and set a $28.00 price objective on shares of Under Armour in a report on Wednesday, June 21st. Finally, Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, July 4th. Thirteen equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have assigned a buy rating to the company. Under Armour presently has a consensus rating of “Hold” and an average target price of $19.97.
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Under Armour, Inc. (NYSE:UAA) opened at 16.48 on Monday. Under Armour, Inc. has a 12 month low of $15.92 and a 12 month high of $39.20. The company has a 50 day moving average price of $17.60 and a 200-day moving average price of $19.55. The company has a market cap of $7.27 billion, a PE ratio of 33.36 and a beta of -0.04.
Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities analysts predict that Under Armour, Inc. will post $0.38 earnings per share for the current fiscal year.
Under Armour Company 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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