Jag Capital Management LLC bought a new position in shares of Under Armour, Inc. (NYSE:UAA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,405 shares of the company’s stock, valued at approximately $901,000.
A number of other large investors also recently made changes to their positions in UAA. Private Capital Management Inc. bought a new stake in Under Armour during the second quarter valued at approximately $141,000. Horan Capital Management bought a new stake in Under Armour during the second quarter valued at approximately $150,000. LS Investment Advisors LLC bought a new stake in Under Armour during the second quarter valued at approximately $174,000. Beech Hill Advisors Inc. bought a new stake in Under Armour during the second quarter valued at approximately $200,000. Finally, NEXT Financial Group Inc bought a new stake in Under Armour during the second quarter valued at approximately $204,000. Institutional investors and hedge funds own 29.27% of the company’s stock.
Under Armour, Inc. (UAA) traded down 0.86% during midday trading on Friday, hitting $18.55. 2,415,545 shares of the stock traded hands. Under Armour, Inc. has a one year low of $17.92 and a one year high of $43.85. The company has a 50-day moving average price of $20.15 and a 200 day moving average price of $20.60. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 37.55 and a beta of -0.07.
Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Under Armour’s revenue was up 8.7% on a year-over-year basis. Equities research analysts anticipate that Under Armour, Inc. will post $0.38 earnings per share for the current year.
Several research analysts recently weighed in on UAA shares. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, July 4th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $19.00 target price on shares of Under Armour in a report on Friday, June 9th. Vetr downgraded shares of Under Armour from a “buy” rating to a “hold” rating and set a $21.99 target price for the company. in a report on Monday, June 12th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $17.00 target price on shares of Under Armour in a report on Friday, June 16th. Finally, UBS AG upped their target price on shares of Under Armour from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, April 28th. Twelve analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have issued a buy rating to the company’s stock. Under Armour currently has a consensus rating of “Hold” and an average price target of $23.29.
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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