Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Under Armour (NYSE:UAA) by 9.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,336 shares of the company’s stock after acquiring an additional 4,652 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Under Armour were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of UAA. Dimensional Fund Advisors LP lifted its holdings in shares of Under Armour by 118.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 867,567 shares of the company’s stock worth $14,297,000 after acquiring an additional 471,134 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Under Armour by 17.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 34,000 shares of the company’s stock worth $491,000 after acquiring an additional 5,000 shares during the period. Gateway Investment Advisers LLC lifted its holdings in shares of Under Armour by 17.9% during the 4th quarter. Gateway Investment Advisers LLC now owns 708,032 shares of the company’s stock worth $10,217,000 after acquiring an additional 107,700 shares during the period. Creative Planning lifted its stake in Under Armour by 15.2% in the 4th quarter. Creative Planning now owns 73,846 shares of the company’s stock valued at $1,066,000 after purchasing an additional 9,717 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Under Armour by 6.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,123,802 shares of the company’s stock valued at $16,217,000 after purchasing an additional 72,296 shares during the last quarter. 33.19% of the stock is owned by institutional investors.
UAA opened at $20.12 on Friday. Under Armour has a twelve month low of $11.40 and a twelve month high of $23.46. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.38. The firm has a market cap of $9.07 billion, a PE ratio of 105.89, a PEG ratio of 5.49 and a beta of -0.26.
Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, May 1st. The company reported $0.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.05. Under Armour had a negative net margin of 1.51% and a positive return on equity of 4.32%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the company posted ($0.01) earnings per share. Under Armour’s revenue for the quarter was up 5.9% compared to the same quarter last year. research analysts anticipate that Under Armour will post 0.18 earnings per share for the current fiscal year.
UAA has been the subject of several research reports. Vetr raised shares of Under Armour from a “buy” rating to a “strong-buy” rating and set a $18.74 price objective for the company in a research note on Thursday, February 22nd. Canaccord Genuity reissued a “sell” rating and issued a $9.00 price objective on shares of Under Armour in a research note on Friday, March 16th. Citigroup dropped their price objective on shares of Under Armour from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday, February 5th. Zacks Investment Research raised shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday, April 26th. Finally, Stifel Nicolaus increased their price objective on shares of Under Armour from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Fourteen research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.84.
In other news, COO Patrik Frisk acquired 14,000 shares of the firm’s stock in a transaction dated Friday, May 11th. The stock was bought at an average cost of $18.50 per share, for a total transaction of $259,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kerry D. Chandler sold 2,534 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $16.79, for a total transaction of $42,545.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,555 shares of company stock valued at $277,316. 16.40% of the stock is currently owned by corporate insiders.
Under Armour Company Profile
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.
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