Endurance Wealth Management Inc. purchased a new stake in shares of Under Armour, Inc. (NYSE:UAA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,218 shares of the company’s stock, valued at approximately $745,000.
Other large investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Under Armour during the second quarter valued at about $922,000. Retirement Systems of Alabama acquired a new stake in shares of Under Armour during the second quarter valued at about $1,948,000. Candriam Luxembourg S.C.A. acquired a new stake in shares of Under Armour during the second quarter valued at about $315,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Under Armour during the second quarter valued at about $357,000. Finally, First Manhattan Co. acquired a new stake in shares of Under Armour during the second quarter valued at about $173,000. 29.27% of the stock is owned by institutional investors and hedge funds.
Shares of Under Armour, Inc. (NYSE UAA) opened at 18.56 on Tuesday. The company has a market capitalization of $8.17 billion, a PE ratio of 37.57 and a beta of -0.07. The stock’s 50 day moving average price is $20.76 and its 200 day moving average price is $21.02. Under Armour, Inc. has a 12-month low of $18.01 and a 12-month high of $43.85.
Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. Under Armour’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that Under Armour, Inc. will post $0.37 earnings per share for the current year.
Several brokerages have issued reports on UAA. Morgan Stanley cut their price target on Under Armour from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday. Zacks Investment Research downgraded Under Armour from a “hold” rating to a “sell” rating in a report on Friday. Vetr downgraded Under Armour from a “strong-buy” rating to a “sell” rating and set a $16.68 price target for the company. in a report on Wednesday, August 2nd. Buckingham Research cut their price target on Under Armour from $15.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, August 2nd. Finally, Nomura cut their price target on Under Armour from $15.00 to $13.00 and set a “reduce” rating for the company in a report on Wednesday, August 2nd. Thirteen research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have issued a buy rating to the company’s stock. Under Armour has an average rating of “Hold” and an average price target of $23.29.
In related news, Director A B. Krongard sold 4,799 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $21.33, for a total transaction of $102,362.67. Following the transaction, the director now directly owns 116,297 shares in the company, valued at approximately $2,480,615.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 16.40% of the stock is currently owned by corporate insiders.
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.
Receive News & Ratings for Under Armour Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc. and related companies with MarketBeat.com's FREE daily email newsletter.