Under Armour Inc (UAA) Shares Sold by Principal Financial Group Inc.
Principal Financial Group Inc. trimmed its holdings in shares of Under Armour Inc (NYSE:UAA) by 2.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 255,907 shares of the company’s stock after selling 5,485 shares during the quarter. Principal Financial Group Inc. owned 0.06% of Under Armour worth $4,217,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. D.A. Davidson & CO. purchased a new stake in shares of Under Armour during the second quarter valued at approximately $118,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Under Armour during the second quarter valued at approximately $129,000. WFG Advisors LP purchased a new stake in shares of Under Armour during the second quarter valued at approximately $132,000. Hudock Capital Group LLC purchased a new stake in shares of Under Armour during the second quarter valued at approximately $134,000. Finally, Armor Investment Advisors LLC purchased a new stake in shares of Under Armour during the second quarter valued at approximately $134,000. 31.22% of the stock is owned by institutional investors.
Several brokerages have weighed in on UAA. Sanford C. Bernstein began coverage on Under Armour in a report on Tuesday, September 12th. They set an “underperform” rating and a $14.00 price objective for the company. Wells Fargo & Company lowered Under Armour from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $17.00 to $13.00 in a report on Tuesday, September 19th. Vetr lowered Under Armour from a “hold” rating to a “sell” rating and set a $16.78 price objective for the company. in a report on Thursday, September 7th. Jefferies Group reissued a “buy” rating and set a $28.00 price objective on shares of Under Armour in a report on Thursday, September 7th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $18.00 price objective on shares of Under Armour in a report on Thursday, August 24th. Eighteen research analysts have rated the stock with a sell rating, twenty have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $16.92.
Under Armour Inc (UAA) traded up $0.35 during midday trading on Monday, reaching $13.63. The company’s stock had a trading volume of 4,822,100 shares, compared to its average volume of 5,531,796. Under Armour Inc has a twelve month low of $11.40 and a twelve month high of $33.45. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $6,020.33, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 4.03 and a beta of -0.13.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. The business’s revenue was down 4.5% compared to the same quarter last year. analysts expect that Under Armour Inc will post 0.2 earnings per share for the current year.
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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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