Retirement Systems of Alabama lifted its position in shares of Under Armour Inc (NYSE:UAA) by 1.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 87,442 shares of the company’s stock after acquiring an additional 1,638 shares during the quarter. Retirement Systems of Alabama’s holdings in Under Armour were worth $1,849,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Bremer Trust National Association purchased a new position in Under Armour in the 4th quarter worth approximately $32,000. Oregon Public Employees Retirement Fund increased its stake in Under Armour by 3,672.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 762,920 shares of the company’s stock worth $43,000 after purchasing an additional 742,694 shares during the period. Penserra Capital Management LLC increased its stake in Under Armour by 235.9% in the 4th quarter. Penserra Capital Management LLC now owns 4,528 shares of the company’s stock worth $80,000 after purchasing an additional 3,180 shares during the period. First Mercantile Trust Co. purchased a new position in Under Armour in the 4th quarter worth approximately $99,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Under Armour in the 4th quarter worth approximately $105,000. Institutional investors own 35.42% of the company’s stock.
A number of equities analysts have commented on the company. Citigroup raised Under Armour from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $29.00 in a research note on Wednesday, April 10th. UBS Group lifted their price objective on Under Armour from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 13th. Credit Suisse Group reiterated a “neutral” rating and issued a $26.00 price objective on shares of Under Armour in a research report on Tuesday, April 30th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $22.00 price objective on shares of Under Armour in a research report on Tuesday, February 12th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.03.
Under Armour stock traded up $0.40 during mid-day trading on Wednesday, hitting $24.27. The company had a trading volume of 5,025,926 shares, compared to its average volume of 4,936,646. The company has a current ratio of 2.02, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. Under Armour Inc has a 12 month low of $16.52 and a 12 month high of $24.96. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 89.89, a price-to-earnings-growth ratio of 3.27 and a beta of 0.45.
Under Armour (NYSE:UAA) last released its earnings results on Thursday, May 2nd. The company reported $0.05 EPS for the quarter. Under Armour had a return on equity of 7.17% and a net margin of 0.12%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. Under Armour’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts predict that Under Armour Inc will post 0.35 EPS for the current year.
In other news, insider Paul Fipps sold 3,106 shares of the business’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $21.55, for a total value of $66,934.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 16.40% of the stock is owned by insiders.
Under Armour Profile
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.
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