Quantitative Systematic Strategies LLC bought a new position in shares of Under Armour, Inc. (NYSE:UAA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,199 shares of the company’s stock, valued at approximately $238,000.
A number of other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its position in Under Armour by 18.7% during the third quarter. BlackRock Inc. now owns 13,235,851 shares of the company’s stock worth $148,638,000 after buying an additional 2,089,545 shares in the last quarter. AKO Capital LLP bought a new stake in Under Armour during the third quarter worth about $113,561,000. Alyeska Investment Group L.P. lifted its stake in Under Armour by 39.7% during the second quarter. Alyeska Investment Group L.P. now owns 3,736,226 shares of the company’s stock worth $36,391,000 after purchasing an additional 1,061,258 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Under Armour by 632.4% during the second quarter. Two Sigma Advisers LP now owns 2,921,400 shares of the company’s stock worth $28,454,000 after purchasing an additional 2,522,500 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in Under Armour by 253.5% during the second quarter. Federated Hermes Inc. now owns 1,546,286 shares of the company’s stock worth $15,061,000 after purchasing an additional 1,108,842 shares during the last quarter. Institutional investors and hedge funds own 32.23% of the company’s stock.
Several equities research analysts have issued reports on UAA shares. Credit Suisse Group lifted their price target on Under Armour from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, November 2nd. ValuEngine raised Under Armour from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 2nd. Zacks Investment Research raised Under Armour from a “sell” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Tuesday, October 13th. Pivotal Research lifted their price target on Under Armour from $11.00 to $14.00 and gave the stock a “hold” rating in a research note on Tuesday, October 27th. Finally, Citigroup boosted their target price on Under Armour from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $14.39.
NYSE UAA opened at $16.73 on Friday. The business’s fifty day moving average price is $13.82 and its 200-day moving average price is $11.00. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of -11.15 and a beta of 1.09. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.91 and a quick ratio of 1.17. Under Armour, Inc. has a 1-year low of $7.15 and a 1-year high of $21.96.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.23. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Under Armour had a negative return on equity of 8.08% and a negative net margin of 15.21%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS. Equities research analysts anticipate that Under Armour, Inc. will post -0.74 EPS for the current year.
About Under Armour
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 and cold.
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