DNB Asset Management AS decreased its stake in Under Armour Inc (NYSE:UAA) by 13.5% in the first quarter, HoldingsChannel.com reports. The firm owned 16,632 shares of the company’s stock after selling 2,590 shares during the period. DNB Asset Management AS’s holdings in Under Armour were worth $352,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Under Armour by 102.8% in the 3rd quarter. Vanguard Group Inc. now owns 38,049,952 shares of the company’s stock worth $773,692,000 after acquiring an additional 19,284,810 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in Under Armour by 2,618.3% in the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,981,761 shares of the company’s stock worth $35,017,000 after acquiring an additional 1,908,857 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new stake in Under Armour in the 4th quarter worth about $25,923,000. FMR LLC lifted its stake in Under Armour by 38.7% in the 4th quarter. FMR LLC now owns 4,947,846 shares of the company’s stock worth $87,429,000 after acquiring an additional 1,381,276 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Under Armour by 162.4% in the 4th quarter. Millennium Management LLC now owns 1,428,073 shares of the company’s stock worth $25,234,000 after acquiring an additional 883,893 shares in the last quarter. Institutional investors and hedge funds own 39.24% of the company’s stock.
In other news, insider Paul Fipps sold 3,106 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $21.55, for a total transaction of $66,934.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 16.40% of the stock is owned by company insiders.
UAA opened at $22.16 on Friday. Under Armour Inc has a fifty-two week low of $15.91 and a fifty-two week high of $24.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.97 and a quick ratio of 1.20. The stock has a market cap of $9.94 billion, a PE ratio of 82.07, a PEG ratio of 2.89 and a beta of 0.42.
Under Armour (NYSE:UAA) last posted its quarterly earnings results on Tuesday, February 12th. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.05. Under Armour had a positive return on equity of 6.11% and a negative net margin of 0.89%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Under Armour’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, research analysts forecast that Under Armour Inc will post 0.33 EPS for the current fiscal year.
UAA has been the subject of several research analyst reports. ValuEngine raised Under Armour from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Goldman Sachs Group raised Under Armour from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $28.00 in a research note on Tuesday, January 22nd. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Saturday, January 5th. Citigroup raised Under Armour from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $29.00 in a research note on Wednesday, April 10th. Finally, Morgan Stanley increased their price objective on Under Armour from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 14th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. Under Armour has an average rating of “Hold” and an average target price of $23.13.
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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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