Dimensional Fund Advisors LP purchased a new position in Under Armour, Inc. (NYSE:UAA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 396,433 shares of the company’s stock, valued at approximately $8,625,000. Dimensional Fund Advisors LP owned 0.09% of Under Armour as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in UAA. Xact Kapitalforvaltning AB bought a new stake in shares of Under Armour in the second quarter worth approximately $474,000. Capstone Asset Management Co. purchased a new position in shares of Under Armour in the second quarter worth approximately $330,000. Exxonmobil Investment Management Inc. TX purchased a new position in shares of Under Armour in the second quarter worth approximately $772,000. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Under Armour in the second quarter worth approximately $3,638,000. Finally, Mn Services Vermogensbeheer B.V. purchased a new position in shares of Under Armour in the second quarter worth approximately $651,000. Hedge funds and other institutional investors own 30.35% of the company’s stock.
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UAA has been the topic of a number of research reports. Jefferies Group LLC reissued a “buy” rating and issued a $28.00 price objective on shares of Under Armour in a report on Thursday, September 7th. UBS AG raised shares of Under Armour to a “neutral” rating in a report on Tuesday, November 7th. Wells Fargo & Company reissued a “market perform” rating and issued a $17.00 price objective on shares of Under Armour in a report on Wednesday, August 2nd. Sanford C. Bernstein initiated coverage on shares of Under Armour in a report on Tuesday, September 12th. They issued an “underperform” rating and a $14.00 price objective on the stock. Finally, Piper Jaffray Companies dropped their price objective on shares of Under Armour from $17.00 to $14.00 and set an “average” rating on the stock in a report on Wednesday, October 11th. Seventeen analysts have rated the stock with a sell rating, twenty-one have given a hold rating and four have issued a buy rating to the company. Under Armour has a consensus rating of “Hold” and a consensus target price of $17.04.
Shares of Under Armour, Inc. (NYSE:UAA) opened at $13.08 on Friday. The stock has a market cap of $5,768.11, a price-to-earnings ratio of 31.90, a PEG ratio of 3.87 and a beta of -0.15. Under Armour, Inc. has a one year low of $11.40 and a one year high of $33.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.23.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. sell-side analysts predict that Under Armour, Inc. will post 0.2 EPS for the current fiscal year.
About Under Armour
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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