Under Armour, Inc. (UAA) Holdings Cut by RKL Wealth Management LLC
RKL Wealth Management LLC lowered its stake in shares of Under Armour, Inc. (NYSE:UAA) by 14.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,282 shares of the company’s stock after selling 13,753 shares during the period. RKL Wealth Management LLC’s holdings in Under Armour were worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. bought a new stake in shares of Under Armour during the 2nd quarter valued at $532,573,000. Vanguard Group Inc. bought a new position in Under Armour in the second quarter worth approximately $393,172,000. BlackRock Inc. bought a new position in shares of Under Armour in the second quarter valued at approximately $238,861,000. State Street Corp bought a new position in shares of Under Armour in the second quarter valued at approximately $157,325,000. Finally, Bamco Inc. NY bought a new position in shares of Under Armour in the second quarter valued at approximately $151,334,000. Hedge funds and other institutional investors own 30.35% of the company’s stock.
A number of research analysts have recently weighed in on the company. FBR & Co restated an “underperform” rating and issued a $14.00 target price on shares of Under Armour in a report on Wednesday, August 2nd. Telsey Advisory Group dropped their target price on Under Armour from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, August 2nd. UBS AG dropped their target price on Under Armour from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. Forward View restated a “sell” rating on shares of Under Armour in a report on Saturday, November 4th. Finally, Buckingham Research dropped their target price on Under Armour from $15.00 to $14.00 and set an “underperform” rating on the stock in a report on Wednesday, August 2nd. Eighteen research analysts have rated the stock with a sell rating, twenty have given a hold rating and four have issued a buy rating to the company. Under Armour has a consensus rating of “Hold” and an average target price of $17.04.
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Shares of Under Armour, Inc. (UAA) traded up $0.08 during mid-day trading on Thursday, reaching $12.50. The company’s stock had a trading volume of 1,752,154 shares, compared to its average volume of 5,588,952. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.23. Under Armour, Inc. has a 52-week low of $11.40 and a 52-week high of $33.45. The company has a market capitalization of $5,140.00, a price-to-earnings ratio of 29.63, a P/E/G ratio of 3.60 and a beta of 0.03.
Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. equities analysts expect that Under Armour, Inc. will post 0.2 earnings per share for the current fiscal year.
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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