Stratos Wealth Partners LTD. Sells 5,614 Shares of Under Armour, Inc. (UAA)
Stratos Wealth Partners LTD. trimmed its stake in shares of Under Armour, Inc. (NYSE:UAA) by 34.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,795 shares of the company’s stock after selling 5,614 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Under Armour were worth $178,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in shares of Under Armour by 29.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,795,182 shares of the company’s stock worth $29,585,000 after buying an additional 408,578 shares in the last quarter. Wellington Shields Capital Management LLC boosted its stake in Under Armour by 219.5% in the third quarter. Wellington Shields Capital Management LLC now owns 45,235 shares of the company’s stock valued at $745,000 after acquiring an additional 31,075 shares during the period. Wellington Shields & Co. LLC acquired a new position in shares of Under Armour during the third quarter worth approximately $989,000. Toronto Dominion Bank boosted its position in shares of Under Armour by 12.1% during the third quarter. Toronto Dominion Bank now owns 70,145 shares of the company’s stock worth $1,156,000 after buying an additional 7,595 shares during the period. Finally, CIBC Asset Management Inc boosted its position in shares of Under Armour by 40.0% during the third quarter. CIBC Asset Management Inc now owns 29,221 shares of the company’s stock worth $482,000 after buying an additional 8,356 shares during the period. 30.79% of the stock is owned by institutional investors.
UAA has been the subject of several analyst reports. Morgan Stanley reduced their price objective on Under Armour from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, August 7th. Wedbush reiterated a “neutral” rating and set a $17.00 price objective (down from $18.00) on shares of Under Armour in a research report on Tuesday, August 8th. Vetr downgraded Under Armour from a “sell” rating to a “strong sell” rating and set a $16.68 price objective for the company. in a research report on Wednesday, August 9th. Nomura reduced their price objective on Under Armour from $15.00 to $13.00 and set a “reduce” rating for the company in a research report on Wednesday, August 2nd. Finally, Sanford C. Bernstein initiated coverage on Under Armour in a research report on Tuesday, September 12th. They set an “underperform” rating and a $14.00 price objective for the company. Seventeen investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and four have given a buy rating to the company. Under Armour presently has an average rating of “Hold” and a consensus price target of $17.04.
Under Armour, Inc. (NYSE UAA) traded up $0.36 during mid-day trading on Tuesday, reaching $13.44. 5,638,200 shares of the company’s stock were exchanged, compared to its average volume of 5,597,572. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16. Under Armour, Inc. has a one year low of $11.40 and a one year high of $33.45. The company has a market capitalization of $5,777.40, a PE ratio of 31.90, a price-to-earnings-growth ratio of 3.87 and a beta of -0.15.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. equities analysts forecast that Under Armour, Inc. will post 0.2 earnings per share for the current fiscal year.
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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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