Dimensional Fund Advisors LP decreased its position in Under Armour Inc (NYSE:UAA) by 5.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 923,441 shares of the company’s stock after selling 49,531 shares during the quarter. Dimensional Fund Advisors LP owned about 0.21% of Under Armour worth $20,766,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of UAA. Highland Capital Management LP bought a new stake in shares of Under Armour in the first quarter valued at approximately $164,000. Cerebellum GP LLC bought a new stake in shares of Under Armour in the second quarter valued at approximately $171,000. Gables Capital Management Inc. bought a new stake in shares of Under Armour in the first quarter valued at approximately $177,000. Sigma Planning Corp bought a new stake in shares of Under Armour in the second quarter valued at approximately $210,000. Finally, Strs Ohio boosted its stake in shares of Under Armour by 268.8% in the second quarter. Strs Ohio now owns 9,435 shares of the company’s stock valued at $212,000 after buying an additional 6,877 shares during the period. 36.78% of the stock is currently owned by institutional investors.
UAA has been the subject of several recent research reports. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a research note on Saturday, July 7th. JPMorgan Chase & Co. upgraded Under Armour from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $16.00 to $20.00 in a research note on Friday, September 21st. B. Riley reiterated a “sell” rating on shares of Under Armour in a research note on Friday, July 27th. Morgan Stanley initiated coverage on Under Armour in a research note on Wednesday, August 1st. They issued an “equal weight” rating and a $20.00 price target for the company. Finally, Credit Suisse Group boosted their price target on Under Armour from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Ten investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Under Armour presently has an average rating of “Hold” and an average target price of $17.42.
NYSE UAA opened at $18.67 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 0.94. Under Armour Inc has a fifty-two week low of $11.40 and a fifty-two week high of $24.69. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of 97.42, a price-to-earnings-growth ratio of 6.03 and a beta of -0.42.
Under Armour (NYSE:UAA) last released its earnings results on Thursday, July 26th. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). Under Armour had a positive return on equity of 3.32% and a negative net margin of 3.11%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the company earned ($0.03) earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, analysts predict that Under Armour Inc will post 0.17 EPS for the current fiscal year.
About Under Armour
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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