Jupiter Asset Management Ltd. purchased a new position in Under Armour, Inc. (NYSE:UAA – Get Rating) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 296,802 shares of the company’s stock, valued at approximately $1,974,000. Jupiter Asset Management Ltd. owned about 0.07% of Under Armour at the end of the most recent quarter.
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A number of other hedge funds have also recently made changes to their positions in UAA. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Under Armour by 48.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,142 shares of the company’s stock worth $35,000 after purchasing an additional 1,353 shares during the last quarter. US Bancorp DE grew its holdings in shares of Under Armour by 37.4% in the second quarter. US Bancorp DE now owns 5,258 shares of the company’s stock worth $43,000 after purchasing an additional 1,431 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Under Armour by 34.9% in the second quarter. Captrust Financial Advisors now owns 6,973 shares of the company’s stock worth $58,000 after purchasing an additional 1,805 shares during the last quarter. Sheaff Brock Investment Advisors LLC bought a new position in shares of Under Armour in the third quarter worth about $68,000. Finally, Triumph Capital Management bought a new position in shares of Under Armour in the third quarter worth about $71,000. 33.04% of the stock is currently owned by institutional investors.
Under Armour Stock Performance
UAA opened at $10.59 on Monday. Under Armour, Inc. has a 12-month low of $6.38 and a 12-month high of $19.10. The company has a current ratio of 2.07, a quick ratio of 1.26 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $4.79 billion, a PE ratio of 30.26, a P/E/G ratio of 9.73 and a beta of 1.52. The firm has a 50 day moving average of $10.84 and a two-hundred day moving average of $9.31.
Under Armour (NYSE:UAA – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. Under Armour had a net margin of 2.70% and a return on equity of 10.02%. Under Armour’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.14 EPS. On average, analysts anticipate that Under Armour, Inc. will post 0.54 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Under Armour from $11.00 to $14.00 in a report on Monday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Under Armour from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, January 23rd. Williams Trading upgraded shares of Under Armour from a “sell” rating to a “hold” rating and set a $6.50 target price on the stock in a report on Thursday, October 20th. Bank of America started coverage on shares of Under Armour in a report on Tuesday, November 1st. They set a “neutral” rating and a $8.00 target price on the stock. Finally, Morgan Stanley increased their target price on shares of Under Armour from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and an average price target of $11.35.
About Under Armour
Under Armour, Inc engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The Connected Fitness segment offers digital fitness subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal, and Endomondo applications.
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