First Manhattan Co. Invests $173,000 in Under Armour, Inc. (NYSE:UAA)
First Manhattan Co. bought a new stake in Under Armour, Inc. (NYSE:UAA) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,995 shares of the company’s stock, valued at approximately $173,000.
Other large investors also recently bought and sold shares of the company. Cornerstone Advisors Inc. bought a new stake in Under Armour during the second quarter valued at $124,000. Municipal Employees Retirement System of Michigan bought a new stake in Under Armour during the second quarter valued at $129,000. Private Capital Management Inc. bought a new stake in Under Armour during the second quarter valued at $141,000. Horan Capital Management bought a new stake in Under Armour during the second quarter valued at $150,000. Finally, LS Investment Advisors LLC bought a new stake in Under Armour during the second quarter valued at $174,000. Hedge funds and other institutional investors own 29.27% of the company’s stock.
Under Armour, Inc. (NYSE:UAA) opened at 18.55 on Friday. Under Armour, Inc. has a 1-year low of $17.92 and a 1-year high of $43.85. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 37.55 and a beta of -0.07. The firm has a 50-day moving average price of $20.15 and a 200-day moving average price of $20.60.
Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.08 billion. The company’s revenue was up 8.7% on a year-over-year basis. On average, analysts expect that Under Armour, Inc. will post $0.38 earnings per share for the current fiscal year.
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Several equities research analysts recently weighed in on UAA shares. Susquehanna Bancshares Inc boosted their target price on Under Armour from $14.00 to $17.00 in a report on Friday, July 7th. Vetr lowered Under Armour from a “strong-buy” rating to a “buy” rating and set a $22.03 target price for the company. in a report on Wednesday, April 26th. Jefferies Group LLC restated a “buy” rating and issued a $28.00 target price on shares of Under Armour in a report on Friday, May 19th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, July 4th. Finally, Morgan Stanley reduced their target price on Under Armour from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. Twelve analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $23.29.
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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