Aberdeen Asset Management PLC UK Takes Position in Under Armour, Inc. (UAA)
Aberdeen Asset Management PLC UK acquired a new stake in Under Armour, Inc. (NYSE:UAA) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 25,232 shares of the company’s stock, valued at approximately $549,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new position in Under Armour in the 2nd quarter valued at $30,172,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Under Armour in the 2nd quarter valued at $27,018,000. SG Americas Securities LLC bought a new position in shares of Under Armour in the 2nd quarter valued at $25,355,000. Chilton Investment Co. LLC bought a new position in shares of Under Armour in the 2nd quarter valued at $18,697,000. Finally, Legal & General Group Plc bought a new position in shares of Under Armour in the 2nd quarter valued at $17,854,000. 30.48% of the stock is owned by hedge funds and other institutional investors.
Under Armour, Inc. (UAA) opened at 16.49 on Friday. The stock’s 50 day moving average price is $17.60 and its 200-day moving average price is $19.55. The company has a market capitalization of $7.27 billion, a PE ratio of 33.38 and a beta of -0.04. Under Armour, Inc. has a 52 week low of $15.92 and a 52 week high of $40.14. Under Armour also was the recipient of some unusual options trading activity on Wednesday. Investors purchased 21,500 call options on the stock. This represents an increase of 563% compared to the typical daily volume of 3,242 call options.
Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. Under Armour’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts predict that Under Armour, Inc. will post $0.38 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, July 4th. OTR Global reiterated a “negative” rating on shares of Under Armour in a research note on Tuesday, July 18th. Vetr lowered Under Armour from a “buy” rating to a “hold” rating and set a $21.99 price target on the stock. in a research note on Monday, June 12th. Credit Suisse Group reiterated an “underperform” rating and issued a $17.00 price target on shares of Under Armour in a research note on Wednesday, August 2nd. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Under Armour in a research note on Friday, July 7th. Thirteen investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $21.15.
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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