Arrow Financial Corp purchased a new stake in shares of Under Armour, Inc. (NYSE:UAA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 83,398 shares of the company’s stock, valued at approximately $1,815,000.
Several other institutional investors also recently bought and sold shares of UAA. Gateway Investment Advisers LLC acquired a new stake in Under Armour during the second quarter valued at about $12,957,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Under Armour during the second quarter valued at about $6,466,000. Chevy Chase Trust Holdings Inc. acquired a new stake in Under Armour during the second quarter valued at about $3,638,000. Nepsis Capital Management Inc. acquired a new stake in Under Armour during the second quarter valued at about $3,079,000. Finally, Pacific Heights Asset Management LLC acquired a new stake in Under Armour during the second quarter valued at about $2,938,000. Institutional investors and hedge funds own 29.59% of the company’s stock.
Shares of Under Armour, Inc. (NYSE UAA) traded down 3.87% during trading on Friday, hitting $17.12. 7,989,307 shares of the stock were exchanged. The firm has a market capitalization of $7.55 billion, a P/E ratio of 34.66 and a beta of -0.07. The firm has a 50 day moving average price of $19.65 and a 200 day moving average price of $20.20. Under Armour, Inc. has a 52 week low of $16.94 and a 52 week high of $43.85.
Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. Under Armour’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts forecast that Under Armour, Inc. will post $0.38 EPS for the current fiscal year.
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UAA has been the subject of several analyst reports. Vetr raised shares of Under Armour from a “buy” rating to a “strong-buy” rating and set a $22.90 price objective for the company in a research note on Monday, May 15th. Deutsche Bank AG lowered shares of Under Armour from a “hold” rating to a “sell” rating and reduced their price objective for the company from $20.27 to $17.00 in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, July 4th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $17.00 price objective on shares of Under Armour in a research note on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Under Armour in a research note on Tuesday, April 25th. Twelve research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have given a buy rating to the stock. Under Armour has an average rating of “Hold” and an average target price of $23.29.
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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