Skandinaviska Enskilda Banken AB publ Increases Stake in Under Armour, Inc. (NYSE:UA)
Skandinaviska Enskilda Banken AB publ increased its stake in Under Armour, Inc. (NYSE:UA) by 8.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,478 shares of the company’s stock after buying an additional 2,400 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Under Armour were worth $642,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Quantitative Investment Management LLC acquired a new stake in shares of Under Armour during the first quarter worth $8,594,000. Tobam acquired a new stake in shares of Under Armour during the first quarter worth $5,355,000. Bridgecreek Investment Management LLC raised its stake in shares of Under Armour by 3.1% in the first quarter. Bridgecreek Investment Management LLC now owns 262,140 shares of the company’s stock worth $5,185,000 after buying an additional 7,870 shares in the last quarter. Goodman Financial Corp acquired a new stake in shares of Under Armour during the first quarter worth $4,643,000. Finally, Airain ltd raised its stake in shares of Under Armour by 107.0% in the first quarter. Airain ltd now owns 221,615 shares of the company’s stock worth $4,384,000 after buying an additional 114,551 shares in the last quarter. Institutional investors and hedge funds own 54.98% of the company’s stock.
Under Armour, Inc. (NYSE:UA) opened at 18.58 on Thursday. Under Armour, Inc. has a 52 week low of $17.05 and a 52 week high of $42.94. The stock has a market cap of $8.18 billion, a PE ratio of 46.92 and a beta of 0.90. The firm’s 50-day moving average price is $19.08 and its 200-day moving average price is $20.43.
Under Armour (NYSE:UA) last announced its earnings results on Thursday, April 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Under Armour had a return on equity of 12.43% and a net margin of 4.84%. Equities analysts predict that Under Armour, Inc. will post $0.42 earnings per share for the current fiscal year.
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A number of brokerages have recently weighed in on UA. BidaskClub lowered Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Under Armour in a research report on Friday, July 7th. Vetr upgraded Under Armour from a “sell” rating to a “hold” rating and set a $19.26 price objective on the stock in a research report on Thursday, July 6th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Under Armour in a research report on Monday, June 26th. Finally, Jefferies Group LLC set a $28.00 price objective on Under Armour and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Under Armour presently has an average rating of “Hold” and an average price target of $20.02.
In other news, Director A B. Krongard sold 4,717 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $19.70, for a total transaction of $92,924.90. Following the completion of the sale, the director now owns 73,939 shares in the company, valued at approximately $1,456,598.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kerry D. Chandler sold 5,965 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $19.79, for a total value of $118,047.35. Following the sale, the insider now owns 114,108 shares of the company’s stock, valued at approximately $2,258,197.32. The disclosure for this sale can be found here. Insiders have sold a total of 15,399 shares of company stock worth $304,605 in the last ninety days. Insiders own 16.50% of the company’s stock.
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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