KG&L Capital Management LLC lifted its position in shares of Under Armour Inc (NYSE:UAA) by 21.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,789 shares of the company’s stock after purchasing an additional 22,850 shares during the quarter. Under Armour accounts for approximately 2.3% of KG&L Capital Management LLC’s portfolio, making the stock its 8th largest holding. KG&L Capital Management LLC’s holdings in Under Armour were worth $2,587,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of UAA. Nuveen Asset Management LLC acquired a new stake in shares of Under Armour during the 2nd quarter worth approximately $110,113,000. Vanguard Group Inc. grew its stake in shares of Under Armour by 9.4% during the 2nd quarter. Vanguard Group Inc. now owns 20,861,766 shares of the company’s stock worth $528,846,000 after purchasing an additional 1,789,685 shares during the period. Holocene Advisors LP acquired a new stake in shares of Under Armour during the 2nd quarter worth approximately $19,345,000. Worldquant Millennium Advisors LLC grew its stake in shares of Under Armour by 79.1% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,268,174 shares of the company’s stock worth $32,148,000 after purchasing an additional 560,194 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Under Armour by 4.3% during the 2nd quarter. BlackRock Inc. now owns 12,569,497 shares of the company’s stock worth $318,635,000 after purchasing an additional 515,462 shares during the period. 38.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:UAA traded up $0.35 during midday trading on Friday, reaching $19.99. 320,945 shares of the company’s stock traded hands, compared to its average volume of 3,552,027. Under Armour Inc has a 1 year low of $16.52 and a 1 year high of $27.72. The company has a market cap of $8.58 billion, a P/E ratio of 74.04, a PEG ratio of 2.03 and a beta of 0.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.11 and a current ratio of 1.83. The company has a fifty day simple moving average of $19.48 and a two-hundred day simple moving average of $22.51.
Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, July 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. Under Armour had a return on equity of 7.86% and a net margin of 1.62%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) EPS. As a group, research analysts forecast that Under Armour Inc will post 0.34 EPS for the current fiscal year.
A number of research analysts have recently issued reports on UAA shares. UBS Group decreased their target price on Under Armour from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. ValuEngine lowered Under Armour from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Pivotal Research reiterated a “hold” rating and set a $25.00 target price (up previously from $23.00) on shares of Under Armour in a research report on Wednesday, July 24th. Wells Fargo & Co increased their target price on Under Armour from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Thursday, June 13th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $25.00 target price (up previously from $22.00) on shares of Under Armour in a research report on Thursday, July 25th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.88.
Under Armour 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 and cold.
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