Endurance Wealth Management Inc. Takes Position in Under Armour, Inc. (UAA)
Endurance Wealth Management Inc. bought a new position in Under Armour, Inc. (NYSE:UAA) during the second quarter, Holdings Channel reports. The firm bought 34,218 shares of the company’s stock, valued at approximately $745,000.
Several other hedge funds have also bought and sold shares of UAA. Cornerstone Advisors Inc. acquired a new stake in Under Armour during the second quarter worth approximately $124,000. Municipal Employees Retirement System of Michigan acquired a new stake in Under Armour during the second quarter worth approximately $129,000. Private Capital Management Inc. acquired a new stake in Under Armour during the second quarter worth approximately $141,000. Horan Capital Management acquired a new stake in Under Armour during the second quarter worth approximately $150,000. Finally, LS Investment Advisors LLC acquired a new stake in Under Armour during the second quarter worth approximately $174,000. 29.27% of the stock is owned by institutional investors and hedge funds.
Shares of Under Armour, Inc. (NYSE:UAA) opened at 18.56 on Tuesday. The firm’s 50-day moving average price is $20.76 and its 200-day moving average price is $21.02. Under Armour, Inc. has a 12 month low of $18.01 and a 12 month high of $43.85. The stock has a market capitalization of $8.17 billion, a P/E ratio of 37.57 and a beta of -0.07.
Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Under Armour’s revenue was up 8.7% on a year-over-year basis. On average, equities research analysts forecast that Under Armour, Inc. will post $0.37 EPS for the current year.
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A number of research firms have commented on UAA. UBS AG lifted their target price on Under Armour from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, April 28th. Wells Fargo & Company reissued a “market perform” rating and issued a $17.00 target price on shares of Under Armour in a report on Wednesday, August 2nd. Telsey Advisory Group cut their price objective on Under Armour from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday, August 2nd. FBR & Co reaffirmed an “underperform” rating and issued a $14.00 price objective on shares of Under Armour in a report on Wednesday, August 2nd. Finally, Buckingham Research cut their price objective on Under Armour from $15.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, August 2nd. Thirteen analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.29.
In other Under Armour news, Director A B. Krongard sold 4,799 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $21.33, for a total value of $102,362.67. Following the transaction, the director now directly owns 116,297 shares of the company’s stock, valued at approximately $2,480,615.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.40% of the company’s stock.
Under Armour Company Profile
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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