Principal Financial Group Inc. Has $5.25 Million Holdings in Under Armour, Inc. (NYSE:UAA)

Principal Financial Group Inc. boosted its stake in shares of Under Armour, Inc. (NYSE:UAA) by 2.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 710,936 shares of the company’s stock after purchasing an additional 17,641 shares during the quarter. Principal Financial Group Inc.’s holdings in Under Armour were worth $5,247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UAA. Keener Financial Planning LLC acquired a new stake in Under Armour during the 4th quarter worth about $26,000. Hexagon Capital Partners LLC raised its holdings in Under Armour by 101.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after buying an additional 1,890 shares during the period. Global Retirement Partners LLC raised its holdings in Under Armour by 43.3% during the 4th quarter. Global Retirement Partners LLC now owns 6,769 shares of the company’s stock worth $59,000 after buying an additional 2,044 shares during the period. M&T Bank Corp acquired a new stake in Under Armour during the 4th quarter worth about $91,000. Finally, KG&L Capital Management LLC acquired a new position in shares of Under Armour in the 1st quarter valued at about $98,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Stock Down 0.2 %

NYSE:UAA traded down $0.01 during mid-day trading on Friday, reaching $6.39. The stock had a trading volume of 4,502,648 shares, compared to its average volume of 7,904,586. The stock has a market cap of $2.79 billion, a P/E ratio of 11.85, a PEG ratio of 3.24 and a beta of 1.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.46 and a quick ratio of 1.63. The business’s 50 day moving average is $6.80 and its 200 day moving average is $7.48. Under Armour, Inc. has a fifty-two week low of $6.18 and a fifty-two week high of $9.50.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, May 16th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. As a group, sell-side analysts predict that Under Armour, Inc. will post 0.2 earnings per share for the current year.

Under Armour announced that its board has authorized a stock repurchase plan on Thursday, May 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 16.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

UAA has been the topic of a number of research reports. Barclays dropped their target price on Under Armour from $9.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, May 20th. William Blair downgraded Under Armour from an “outperform” rating to a “market perform” rating in a report on Thursday, May 16th. Wells Fargo & Company dropped their target price on Under Armour from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, May 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $8.00 target price on shares of Under Armour in a report on Thursday, May 16th. Finally, Citigroup dropped their target price on Under Armour from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Under Armour currently has an average rating of “Hold” and a consensus target price of $7.32.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.