Retirement Systems of Alabama raised its position in shares of Under Armour Inc (NYSE:UA) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,657 shares of the company’s stock after buying an additional 1,689 shares during the period. Retirement Systems of Alabama’s holdings in Under Armour were worth $1,692,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Under Armour by 161.2% in the fourth quarter. FMR LLC now owns 4,528,755 shares of the company’s stock valued at $73,230,000 after buying an additional 2,794,611 shares in the last quarter. Baillie Gifford & Co. raised its stake in Under Armour by 23.7% in the fourth quarter. Baillie Gifford & Co. now owns 4,443,253 shares of the company’s stock valued at $71,847,000 after buying an additional 851,765 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Under Armour by 3,827.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 812,138 shares of the company’s stock valued at $50,000 after buying an additional 791,457 shares in the last quarter. BlackRock Inc. raised its stake in Under Armour by 6.6% in the fourth quarter. BlackRock Inc. now owns 12,335,009 shares of the company’s stock valued at $199,459,000 after buying an additional 763,174 shares in the last quarter. Finally, Norges Bank acquired a new stake in Under Armour in the fourth quarter valued at $7,838,000. Hedge funds and other institutional investors own 32.22% of the company’s stock.
Shares of NYSE:UA traded up $0.21 during trading on Wednesday, hitting $21.37. 2,566,600 shares of the stock were exchanged, compared to its average volume of 2,334,690. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of 79.15 and a beta of 1.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.02 and a quick ratio of 1.22. Under Armour Inc has a 12-month low of $15.05 and a 12-month high of $23.28.
Under Armour (NYSE:UA) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 EPS for the quarter. The business had revenue of $1.20 billion for the quarter. Under Armour had a return on equity of 7.05% and a net margin of 0.12%. On average, equities analysts anticipate that Under Armour Inc will post 0.35 earnings per share for the current year.
In other news, insider Paul Fipps sold 23,247 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $19.49, for a total transaction of $453,084.03. Following the sale, the insider now owns 362,784 shares of the company’s stock, valued at approximately $7,070,660.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.90% of the stock is owned by insiders.
A number of research firms have weighed in on UA. Pivotal Research restated a “hold” rating and issued a $23.00 price target on shares of Under Armour in a research note on Tuesday, April 30th. ValuEngine cut Under Armour from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Canaccord Genuity set a $13.00 target price on Under Armour and gave the stock a “sell” rating in a research report on Tuesday, March 19th. JPMorgan Chase & Co. upgraded Under Armour from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $23.00 to $29.00 in a research report on Friday, May 17th. Finally, B. Riley set a $12.00 target price on Under Armour and gave the stock a “sell” rating in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Under Armour presently has an average rating of “Hold” and an average price target of $20.50.
About Under Armour
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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