TIAA CREF Investment Management LLC Buys Shares of 579,039 Under Armour, Inc. (UAA)
TIAA CREF Investment Management LLC bought a new position in Under Armour, Inc. (NYSE:UAA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 579,039 shares of the company’s stock, valued at approximately $12,600,000. TIAA CREF Investment Management LLC owned approximately 0.13% of Under Armour as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. acquired a new position in shares of Under Armour during the 1st quarter worth $405,000. Private Asset Management Inc. bought a new position in shares of Under Armour during the 2nd quarter valued at $923,000. DnB Asset Management AS bought a new position in shares of Under Armour during the 2nd quarter valued at $405,000. Xact Kapitalforvaltning AB bought a new position in shares of Under Armour during the 2nd quarter valued at $474,000. Finally, Burns J W & Co. Inc. NY bought a new position in shares of Under Armour during the 2nd quarter valued at $480,000. 30.48% of the stock is owned by institutional investors.
Shares of Under Armour, Inc. (UAA) opened at 16.60 on Tuesday. Under Armour, Inc. has a 12 month low of $15.92 and a 12 month high of $39.20. The stock’s 50 day moving average is $17.06 and its 200 day moving average is $19.36. The firm has a market cap of $7.32 billion, a PE ratio of 33.60 and a beta of -0.02.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. Analysts forecast that Under Armour, Inc. will post $0.38 EPS for the current fiscal year.
UAA has been the topic of several recent research reports. Morgan Stanley cut their target price on Under Armour from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, August 7th. Wedbush reiterated a “neutral” rating and set a $17.00 price target (down previously from $18.00) on shares of Under Armour in a research note on Tuesday, August 8th. Vetr downgraded Under Armour from a “sell” rating to a “strong sell” rating and set a $16.68 price target for the company. in a research note on Wednesday, August 9th. Nomura decreased their price target on Under Armour from $15.00 to $13.00 and set a “reduce” rating for the company in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group reissued an “underperform” rating and set a $17.00 price objective on shares of Under Armour in a report on Friday, June 16th. Thirteen equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $19.97.
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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