Toronto Dominion Bank acquired a new stake in shares of Under Armour, Inc. (NYSE:UAA – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 470,011 shares of the company’s stock, valued at approximately $4,772,000. Toronto Dominion Bank owned approximately 0.10% of Under Armour at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James & Associates increased its holdings in shares of Under Armour by 75.9% in the 1st quarter. Raymond James & Associates now owns 191,303 shares of the company’s stock worth $3,256,000 after buying an additional 82,568 shares during the last quarter. American Century Companies Inc. lifted its stake in Under Armour by 24.9% during the first quarter. American Century Companies Inc. now owns 27,205 shares of the company’s stock worth $463,000 after purchasing an additional 5,428 shares during the last quarter. Cetera Advisor Networks LLC bought a new stake in Under Armour in the first quarter valued at approximately $202,000. PNC Financial Services Group Inc. grew its holdings in shares of Under Armour by 11.1% in the first quarter. PNC Financial Services Group Inc. now owns 38,528 shares of the company’s stock worth $657,000 after purchasing an additional 3,861 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Under Armour by 56.5% during the 1st quarter. Acadian Asset Management LLC now owns 15,360 shares of the company’s stock valued at $260,000 after buying an additional 5,543 shares during the last quarter. 33.04% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have issued reports on UAA. BNP Paribas upgraded shares of Under Armour from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 17th. Redburn Partners assumed coverage on shares of Under Armour in a research note on Thursday, March 16th. They issued a “buy” rating and a $13.50 price target for the company. UBS Group cut their price objective on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, March 29th. William Blair raised Under Armour from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Thursday, March 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Under Armour from $14.00 to $12.00 in a research report on Friday. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.52.
Insider Transactions at Under Armour
In related news, insider Tchernavia Rocker sold 69,823 shares of the stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $9.32, for a total value of $650,750.36. Following the sale, the insider now directly owns 260,291 shares of the company’s stock, valued at approximately $2,425,912.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.40% of the company’s stock.
Under Armour Stock Performance
Shares of NYSE:UAA opened at $8.65 on Tuesday. The firm has a fifty day simple moving average of $9.00 and a two-hundred day simple moving average of $9.67. The company has a quick ratio of 1.26, a current ratio of 2.07 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.84 billion, a P/E ratio of 24.71, a PEG ratio of 6.94 and a beta of 1.62. Under Armour, Inc. has a 52 week low of $6.38 and a 52 week high of $13.05.
Under Armour (NYSE:UAA – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.07. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Under Armour had a return on equity of 10.02% and a net margin of 2.70%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, analysts expect that Under Armour, Inc. will post 0.54 earnings per share for the current fiscal year.
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.
Further Reading
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