Under Armour, Inc. (UA) Stake Cut by Horan Capital Management
Horan Capital Management lowered its position in Under Armour, Inc. (NYSE:UA) by 51.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,737 shares of the company’s stock after selling 9,196 shares during the period. Horan Capital Management’s holdings in Under Armour were worth $176,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Pinnacle Financial Partners Inc. boosted its position in Under Armour by 17.6% in the first quarter. Pinnacle Financial Partners Inc. now owns 40,910 shares of the company’s stock worth $809,000 after buying an additional 6,120 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Under Armour by 1,919.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 174,674 shares of the company’s stock worth $3,517,000 after buying an additional 166,024 shares during the last quarter. Bridgecreek Investment Management LLC boosted its position in Under Armour by 3.1% in the first quarter. Bridgecreek Investment Management LLC now owns 262,140 shares of the company’s stock worth $5,185,000 after buying an additional 7,870 shares during the last quarter. Eqis Capital Management Inc. boosted its position in Under Armour by 26.5% in the first quarter. Eqis Capital Management Inc. now owns 14,857 shares of the company’s stock worth $272,000 after buying an additional 3,115 shares during the last quarter. Finally, Private Capital Management Inc. acquired a new position in Under Armour during the first quarter worth approximately $158,000. Institutional investors and hedge funds own 56.34% of the company’s stock.
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Under Armour, Inc. (UA) traded down 0.12% during midday trading on Friday, hitting $16.80. 1,951,039 shares of the stock were exchanged. The firm has a market capitalization of $7.41 billion, a P/E ratio of 34.01 and a beta of 0.78. The firm’s 50-day moving average price is $18.41 and its 200 day moving average price is $18.83. Under Armour, Inc. has a 1-year low of $16.02 and a 1-year high of $42.94.
Under Armour (NYSE:UA) last released its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The company had revenue of $1.09 billion during the quarter. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. Analysts expect that Under Armour, Inc. will post $0.38 earnings per share for the current fiscal year.
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A number of research firms recently commented on UA. Credit Suisse Group set a $17.00 price target on Under Armour and gave the stock a “sell” rating in a report on Wednesday, June 14th. Vetr upgraded shares of Under Armour from a “sell” rating to a “hold” rating and set a $19.90 price objective for the company in a research report on Thursday, June 15th. BidaskClub upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Under Armour in a research report on Monday, June 26th. Finally, Canaccord Genuity restated a “hold” rating and set a $21.00 price objective on shares of Under Armour in a research report on Thursday, April 27th. Eight analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.99.
Under Armour Company Profile
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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