Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Under Armour Inc (NYSE:UA) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,679 shares of the company’s stock, valued at approximately $164,000.
Several other institutional investors have also recently modified their holdings of the company. FMR LLC lifted 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 worth $73,230,000 after purchasing an additional 2,794,611 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Under Armour by 23.7% during the fourth quarter. Baillie Gifford & Co. now owns 4,443,253 shares of the company’s stock valued at $71,847,000 after acquiring an additional 851,765 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Under Armour by 3,827.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 812,138 shares of the company’s stock valued at $50,000 after acquiring an additional 791,457 shares in the last quarter. BlackRock Inc. raised its stake in shares of Under Armour by 6.6% during the fourth quarter. BlackRock Inc. now owns 12,335,009 shares of the company’s stock valued at $199,459,000 after acquiring an additional 763,174 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Under Armour during the fourth quarter valued at approximately $7,838,000. Hedge funds and other institutional investors own 32.38% of the company’s stock.
Several brokerages recently issued reports on UA. Pivotal Research reissued a “hold” rating and set a $23.00 price objective on shares of Under Armour in a report on Tuesday, April 30th. ValuEngine lowered shares of Under Armour from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Canaccord Genuity set a $13.00 price target on shares of Under Armour and gave the stock a “sell” rating in a report on Tuesday, March 19th. JPMorgan Chase & Co. raised shares of Under Armour from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $23.00 to $29.00 in a report on Friday, May 17th. Finally, B. Riley set a $12.00 price objective on shares of Under Armour and gave the company a “sell” rating in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Under Armour currently has a consensus rating of “Hold” and a consensus price target of $20.50.
Shares of Under Armour stock traded down $0.64 during trading hours on Wednesday, reaching $20.32. The stock had a trading volume of 2,376,200 shares, compared to its average volume of 2,336,432. The company has a market cap of $9.21 billion, a P/E ratio of 75.26 and a beta of 1.00. Under Armour Inc has a twelve month low of $15.05 and a twelve month high of $23.28. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 2.02.
Under Armour (NYSE:UA) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.05 earnings per share for the quarter. Under Armour had a net margin of 0.12% and a return on equity of 7.05%. The business had revenue of $1.20 billion during the quarter. Equities research analysts forecast that Under Armour Inc will post 0.35 EPS for the current year.
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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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