Under Armour, Inc. (UA) Stake Lessened by Vanguard Group Inc.
Vanguard Group Inc. lessened its stake in shares of Under Armour, Inc. (NYSE:UA) by 48.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,141,048 shares of the company’s stock after selling 16,809,625 shares during the quarter. Vanguard Group Inc. owned about 4.12% of Under Armour worth $365,723,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in Under Armour by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after purchasing an additional 220 shares during the period. First Mercantile Trust Co. bought a new stake in Under Armour during the 2nd quarter valued at approximately $141,000. Great Lakes Advisors LLC bought a new stake in Under Armour during the 2nd quarter valued at approximately $202,000. Delta Lloyd Asset Management N.V. bought a new stake in Under Armour during the 2nd quarter valued at approximately $218,000. Finally, First Financial Equity Corporation bought a new stake in Under Armour during the 1st quarter valued at approximately $225,000. Institutional investors own 30.25% of the company’s stock.
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Under Armour, Inc. (UA) opened at 15.46 on Friday. Under Armour, Inc. has a 12-month low of $14.80 and a 12-month high of $34.20. The firm has a market cap of $6.82 billion, a PE ratio of 31.30 and a beta of 1.16. The firm has a 50-day moving average price of $15.57 and a 200 day moving average price of $17.76.
Under Armour (NYSE:UA) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. The company had revenue of $1.09 billion during the quarter. Equities research analysts forecast that Under Armour, Inc. will post $0.37 EPS for the current year.
Several brokerages recently weighed in on UA. Buckingham Research set a $14.00 target price on Under Armour and gave the company a “sell” rating in a research note on Thursday, August 3rd. Raymond James Financial, Inc. restated an “underperform” rating on shares of Under Armour in a research note on Friday, July 7th. Vetr upgraded Under Armour from a “sell” rating to a “hold” rating and set a $19.90 target price for the company in a research note on Thursday, June 15th. Forward View set a $17.00 target price on Under Armour and gave the company a “hold” rating in a research note on Sunday, August 13th. Finally, FBR & Co restated an “underperform” rating and set a $14.00 target price on shares of Under Armour in a research note on Wednesday, August 2nd. Nine research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $18.16.
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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