Perigon Wealth Management LLC increased its stake in shares of Under Armour Inc Class A (NYSE:UAA) by 3,244.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,066 shares of the company’s stock after acquiring an additional 19,466 shares during the period. Perigon Wealth Management LLC’s holdings in Under Armour Inc Class A were worth $451,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Daiwa Securities Group Inc. grew its stake in Under Armour Inc Class A by 278.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 175,690 shares of the company’s stock worth $2,872,000 after purchasing an additional 129,316 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in Under Armour Inc Class A by 13.7% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 950,321 shares of the company’s stock worth $15,538,000 after purchasing an additional 114,720 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in Under Armour Inc Class A during the 1st quarter worth $467,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Under Armour Inc Class A by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 520,138 shares of the company’s stock worth $8,504,000 after purchasing an additional 3,210 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Under Armour Inc Class A by 54.4% during the 1st quarter. SG Americas Securities LLC now owns 418,338 shares of the company’s stock worth $6,840,000 after purchasing an additional 147,359 shares in the last quarter. Institutional investors and hedge funds own 37.39% of the company’s stock.

Several research analysts recently commented on the company. ValuEngine raised Under Armour Inc Class A from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Stifel Nicolaus boosted their target price on Under Armour Inc Class A from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, June 4th. Citigroup boosted their target price on Under Armour Inc Class A from $18.00 to $22.00 and gave the stock a “$21.81” rating in a research note on Wednesday, July 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $29.00 price objective on shares of Under Armour Inc Class A in a research report on Thursday, June 7th. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed an “overweight” rating and set a $30.00 price objective (up from $22.00) on shares of Under Armour Inc Class A in a research report on Thursday, June 7th. Eleven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Under Armour Inc Class A presently has a consensus rating of “Hold” and an average price target of $17.40.

Shares of NYSE UAA opened at $21.50 on Friday. The stock has a market capitalization of $9.63 billion, a P/E ratio of 113.16, a PEG ratio of 6.31 and a beta of -0.44. The company has a quick ratio of 0.94, a current ratio of 1.91 and a debt-to-equity ratio of 0.39. Under Armour Inc Class A has a 52-week low of $11.40 and a 52-week high of $24.69.

Under Armour Inc Class A (NYSE:UAA) last announced its earnings results on Thursday, July 26th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Under Armour Inc Class A had a positive return on equity of 3.32% and a negative net margin of 3.11%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) EPS. research analysts forecast that Under Armour Inc Class A will post 0.17 earnings per share for the current fiscal year.

Under Armour Inc Class A Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.

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Institutional Ownership by Quarter for Under Armour Inc Class A (NYSE:UAA)

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