Regal Investment Advisors LLC bought a new position in shares of Under Armour, Inc. (NYSE:UAA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 33,551 shares of the company’s stock, valued at approximately $730,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. bought a new stake in shares of Under Armour during the 2nd quarter worth $124,000. Municipal Employees Retirement System of Michigan bought a new position in Under Armour in the second quarter valued at about $129,000. Global X Management Co. LLC bought a new position in Under Armour in the second quarter valued at about $134,000. Hudock Capital Group LLC bought a new position in Under Armour in the second quarter valued at about $134,000. Finally, Armor Investment Advisors LLC bought a new position in Under Armour in the second quarter valued at about $134,000. 30.53% of the stock is currently owned by institutional investors.
Several equities analysts have commented on UAA shares. Vetr upgraded Under Armour from a “buy” rating to a “strong-buy” rating and set a $22.90 target price for the company in a research report on Monday, May 15th. Berenberg Bank began coverage on Under Armour in a research note on Tuesday, May 16th. They set a “hold” rating and a $20.00 target price for the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Under Armour in a research note on Friday, May 19th. ValuEngine cut Under Armour from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $19.00 price objective on shares of Under Armour in a research note on Friday, June 9th. Twelve equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $22.65.
Under Armour, Inc. (UAA) traded up 0.75% during midday trading on Monday, hitting $17.55. The stock had a trading volume of 656,602 shares. The stock’s 50-day moving average is $18.00 and its 200-day moving average is $19.72. Under Armour, Inc. has a 1-year low of $15.92 and a 1-year high of $40.14. The company has a market capitalization of $7.74 billion, a PE ratio of 35.53 and a beta of -0.04.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The company had revenue of $1.09 billion during 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%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Equities research analysts forecast that Under Armour, Inc. will post $0.38 EPS for the current 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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