Under Armour, Inc. (UAA) Position Reduced by Ray Gerald L & Associates Ltd.
Ray Gerald L & Associates Ltd. cut its stake in Under Armour, Inc. (NYSE:UAA) by 36.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,954 shares of the company’s stock after selling 38,602 shares during the quarter. Ray Gerald L & Associates Ltd.’s holdings in Under Armour were worth $1,103,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of UAA. Nomura Asset Management Co. Ltd. bought a new position in Under Armour in the 1st quarter worth $405,000. DnB Asset Management AS bought a new position in Under Armour in the 2nd quarter worth $405,000. Xact Kapitalforvaltning AB bought a new position in Under Armour in the 2nd quarter worth $474,000. Fox Run Management L.L.C. bought a new position in Under Armour in the 2nd quarter worth $553,000. Finally, Capstone Asset Management Co. bought a new position in Under Armour in the 2nd quarter worth $330,000. Institutional investors and hedge funds own 30.43% of the company’s stock.
Several research analysts have commented on UAA shares. Morgan Stanley decreased their price objective on shares of Under Armour from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. Wedbush restated a “neutral” rating and issued a $17.00 price objective (down from $18.00) on shares of Under Armour in a report on Tuesday, August 8th. Vetr lowered shares of Under Armour from a “sell” rating to a “strong sell” rating and set a $16.68 price objective for the company. in a report on Wednesday, August 9th. Nomura decreased their price objective on shares of Under Armour from $15.00 to $13.00 and set a “reduce” rating for the company in a report on Wednesday, August 2nd. Finally, Sanford C. Bernstein started coverage on shares of Under Armour in a report on Tuesday, September 12th. They issued an “underperform” rating and a $14.00 price objective for the company. Nineteen research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have given a buy rating to the company. Under Armour currently has an average rating of “Hold” and a consensus price target of $17.18.
Under Armour, Inc. (NYSE:UAA) traded down $0.17 during midday trading on Friday, reaching $11.61. 10,353,795 shares of the company’s stock were exchanged, compared to its average volume of 9,276,444. Under Armour, Inc. has a 12 month low of $11.45 and a 12 month high of $33.45. The company has a market cap of $5,119.86, a PE ratio of 28.32, a price-to-earnings-growth ratio of 3.44 and a beta of -0.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 2.23.
Under Armour (NYSE:UAA) last released its earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.49 billion. The business’s revenue was down 4.5% on a year-over-year basis. sell-side analysts predict that Under Armour, Inc. will post 0.2 earnings per share for the current fiscal year.
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Under Armour 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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