Vontobel Holding Ltd. cut its position in Under Armour, Inc. (NYSE:UAA) by 17.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,270 shares of the company’s stock after selling 5,263 shares during the quarter. Vontobel Holding Ltd.’s holdings in Under Armour were worth $538,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. IndexIQ Advisors LLC bought a new stake in Under Armour in the 1st quarter valued at about $31,000. Concord Wealth Partners bought a new stake in Under Armour in the 4th quarter valued at about $34,000. Captrust Financial Advisors lifted its position in Under Armour by 166.9% in the 4th quarter. Captrust Financial Advisors now owns 2,143 shares of the company’s stock valued at $37,000 after purchasing an additional 1,340 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in Under Armour in the 1st quarter valued at about $40,000. Finally, Banque Cantonale Vaudoise lifted its position in Under Armour by 49.4% in the 4th quarter. Banque Cantonale Vaudoise now owns 2,550 shares of the company’s stock valued at $44,000 after purchasing an additional 843 shares during the last quarter. Hedge funds and other institutional investors own 39.22% of the company’s stock.
Several analysts recently weighed in on the stock. UBS Group upgraded shares of Under Armour from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $36.00 in a research report on Wednesday, May 5th. Morgan Stanley raised their target price on shares of Under Armour from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 5th. Barclays raised shares of Under Armour from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $25.00 to $34.00 in a research note on Wednesday, May 5th. Citigroup raised their target price on shares of Under Armour from $19.00 to $23.00 in a research note on Thursday, February 11th. Finally, Argus cut shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Wednesday, February 17th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.41.
Under Armour (NYSE:UAA) last announced its earnings results on Monday, May 3rd. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.04 by $0.12. Under Armour had a net margin of 2.46% and a return on equity of 6.70%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the company posted ($0.34) earnings per share. The business’s revenue for the quarter was up 39.8% on a year-over-year basis. On average, sell-side analysts forecast that Under Armour, Inc. will post 0.32 EPS for the current year.
Under Armour 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 and cold.
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