Raymond James Financial Services Advisors Inc. decreased its holdings in shares of Under Armour, Inc. (NYSE:UAA – Get Rating) by 17.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,875 shares of the company’s stock after selling 13,448 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Under Armour were worth $425,000 at the end of the most recent quarter.
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Several other hedge funds have also recently added to or reduced their stakes in the business. Synovus Financial Corp boosted its stake in Under Armour by 2.8% during the 2nd quarter. Synovus Financial Corp now owns 43,282 shares of the company’s stock valued at $361,000 after purchasing an additional 1,181 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Under Armour by 52.4% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,735 shares of the company’s stock valued at $31,000 after purchasing an additional 1,285 shares during the period. National Bank of Canada FI raised its holdings in Under Armour by 9.1% in the 2nd quarter. National Bank of Canada FI now owns 16,250 shares of the company’s stock valued at $127,000 after acquiring an additional 1,353 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Under Armour by 48.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,142 shares of the company’s stock valued at $35,000 after acquiring an additional 1,353 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Under Armour by 37.4% in the 2nd quarter. US Bancorp DE now owns 5,258 shares of the company’s stock valued at $43,000 after acquiring an additional 1,431 shares in the last quarter. Institutional investors own 33.04% of the company’s stock.
Under Armour Trading Up 1.3 %
Shares of UAA stock opened at $11.85 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. The stock has a market cap of $5.36 billion, a P/E ratio of 38.23, a price-to-earnings-growth ratio of 4.99 and a beta of 1.45. The stock has a 50 day simple moving average of $10.33 and a 200 day simple moving average of $9.04. Under Armour, Inc. has a 1 year low of $6.38 and a 1 year high of $20.65.
Under Armour (NYSE:UAA – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Under Armour had a return on equity of 9.13% and a net margin of 2.51%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. On average, research analysts predict that Under Armour, Inc. will post 0.45 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
UAA has been the subject of several recent research reports. Piper Sandler cut their price target on Under Armour from $10.00 to $8.50 in a report on Tuesday, October 11th. Bank of America initiated coverage on Under Armour in a report on Tuesday, November 1st. They issued a “neutral” rating and a $8.00 price target for the company. Robert W. Baird upped their price target on Under Armour from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, December 22nd. BNP Paribas raised Under Armour from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 17th. Finally, Raymond James assumed coverage on Under Armour in a report on Wednesday, October 12th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.91.
Under Armour Company Profile
Under Armour, Inc, together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.
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