16,265 Shares in Under Armour, Inc. (NYSE:UAA) Acquired by Sumitomo Mitsui Asset Management Company LTD
Sumitomo Mitsui Asset Management Company LTD acquired a new stake in Under Armour, Inc. (NYSE:UAA) during the second quarter, Holdings Channel reports. The fund acquired 16,265 shares of the company’s stock, valued at approximately $353,000.
A number of other large investors have also recently bought and sold shares of UAA. Cornerstone Advisors Inc. purchased a new stake in Under Armour during the second quarter valued at $124,000. Private Capital Management Inc. purchased a new stake in Under Armour during the second quarter valued at $141,000. Horan Capital Management purchased a new stake in Under Armour during the second quarter valued at $150,000. LS Investment Advisors LLC purchased a new stake in Under Armour during the second quarter valued at $174,000. Finally, Beech Hill Advisors Inc. purchased a new stake in Under Armour during the second quarter valued at $200,000. 29.27% of the stock is owned by institutional investors and hedge funds.
Under Armour, Inc. (NYSE UAA) opened at 18.55 on Friday. Under Armour, Inc. has a one year low of $17.92 and a one year high of $43.85. The company has a 50 day moving average price of $20.15 and a 200-day moving average price of $20.60. The company has a market capitalization of $8.18 billion, a PE ratio of 37.55 and a beta of -0.07.
Under Armour (NYSE:UAA) last released its earnings results on Tuesday, August 1st. The company reported ($0.03) 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 business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Under Armour’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts expect that Under Armour, Inc. will post $0.38 EPS for the current fiscal year.
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Several research firms recently weighed in on UAA. B. Riley reaffirmed a “neutral” rating and set a $19.00 price objective on shares of Under Armour in a research report on Sunday, April 30th. UBS AG upped their price objective on shares of Under Armour from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, April 28th. Vetr cut shares of Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 price objective for the company. in a research report on Monday, July 17th. Telsey Advisory Group cut their price objective on shares of Under Armour from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, August 2nd. Finally, FBR & Co reaffirmed an “underperform” rating and set a $14.00 price objective on shares of Under Armour in a research report on Wednesday, August 2nd. Twelve analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have issued a buy rating to the company’s stock. Under Armour currently has an average rating of “Hold” and a consensus target price of $23.29.
About Under Armour
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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