Airain ltd increased its position in shares of Under Armour Inc (NYSE:UA) by 107.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,615 shares of the company’s stock after buying an additional 114,551 shares during the period. Airain ltd’s holdings in Under Armour were worth $4,384,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. Compton Capital Management Inc. RI raised its position in Under Armour by 1.5% in the first quarter. Compton Capital Management Inc. RI now owns 10,156 shares of the company’s stock worth $201,000 after buying an additional 150 shares during the period. Tobam bought a new position in Under Armour during the first quarter worth $5,355,000. Quantitative Investment Management LLC bought a new position in Under Armour during the first quarter worth $8,594,000. Pinnacle Financial Partners Inc. raised its position in Under Armour by 17.6% in the first quarter. Pinnacle Financial Partners Inc. now owns 40,910 shares of the company’s stock worth $809,000 after buying an additional 6,120 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in Under Armour by 1,919.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 174,674 shares of the company’s stock worth $3,517,000 after buying an additional 166,024 shares during the period.
Shares of Under Armour Inc (NYSE:UA) traded up 1.30% during midday trading on Friday, reaching $17.86. The company had a trading volume of 4,110,757 shares. The firm has a market cap of $7.86 billion and a P/E ratio of 45.10. The company’s 50-day moving average is $18.46 and its 200-day moving average is $21.70. Under Armour Inc has a 52-week low of $17.05 and a 52-week high of $42.94.
Under Armour (NYSE:UA) last posted its earnings results on Thursday, April 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.20 billion. Equities research analysts expect that Under Armour Inc will post $0.42 EPS for the current fiscal year.
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A number of research firms recently weighed in on UA. Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 price target on shares of Under Armour in a research report on Friday. Berenberg Bank assumed coverage on Under Armour in a research note on Tuesday. They issued a “hold” rating and a $20.00 price objective for the company. Vetr raised Under Armour from a “buy” rating to a “strong-buy” rating and set a $21.15 price objective for the company in a research note on Monday. Wells Fargo & Co reissued a “market perform” rating and issued a $19.00 price objective (up from $17.00) on shares of Under Armour in a research note on Tuesday, May 2nd. Finally, Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Saturday, April 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $20.14.
In other Under Armour news, insider Kerry D. Chandler sold 5,965 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $19.79, for a total value of $118,047.35. Following the completion of the transaction, the insider now directly owns 114,108 shares of the company’s stock, valued at $2,258,197.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William R. Mcdermott sold 4,717 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $19.85, for a total value of $93,632.45. Following the completion of the transaction, the director now directly owns 66,270 shares of the company’s stock, valued at $1,315,459.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,399 shares of company stock valued at $304,605.
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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