Janney Montgomery Scott LLC Sells 112,413 Shares of Under Armour, Inc. (NYSE:UA)
Janney Montgomery Scott LLC lowered its stake in Under Armour, Inc. (NYSE:UA) by 63.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,113 shares of the company’s stock after selling 112,413 shares during the period. Janney Montgomery Scott LLC’s holdings in Under Armour were worth $1,333,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in UA. Quantitative Investment Management LLC bought a new position in Under Armour during the first quarter valued at $8,594,000. Tobam bought a new position in Under Armour during the first quarter valued at $5,355,000. Goodman Financial Corp bought a new position in Under Armour during the first quarter valued at $4,643,000. Baltimore Washington Financial Advisors Inc. bought a new position in Under Armour during the second quarter valued at $3,525,000. Finally, DekaBank Deutsche Girozentrale increased its position in Under Armour by 1,919.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 174,674 shares of the company’s stock valued at $3,517,000 after buying an additional 166,024 shares during the last quarter. 56.34% of the stock is owned by institutional investors.
Under Armour, Inc. (NYSE UA) opened at 16.82 on Friday. The firm has a market cap of $7.41 billion, a PE ratio of 34.05 and a beta of 0.78. The company has a 50-day moving average price of $18.48 and a 200-day moving average price of $18.89. Under Armour, Inc. has a one year low of $16.02 and a one year high of $42.94.
Under Armour (NYSE:UA) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.04. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. The business had revenue of $1.09 billion for the quarter. Equities analysts predict that Under Armour, Inc. will post $0.38 earnings per share for the current fiscal year.
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Several equities analysts have weighed in on UA shares. Vetr raised Under Armour from a “buy” rating to a “strong-buy” rating and set a $21.15 price target for the company in a research report on Monday, May 15th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Saturday, April 29th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Under Armour in a research report on Friday, May 19th. Berenberg Bank assumed coverage on Under Armour in a research report on Tuesday, May 16th. They issued a “hold” rating and a $20.00 price objective for the company. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Under Armour in a research report on Friday, April 14th. Eight equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Under Armour presently has a consensus rating of “Hold” and a consensus price target of $18.99.
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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