Mackenzie Financial Corp boosted its stake in shares of Under Armour Inc (NYSE:UAA) by 23.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 171,033 shares of the company’s stock after buying an additional 32,646 shares during the period. Mackenzie Financial Corp’s holdings in Under Armour were worth $2,819,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Aldebaran Financial Inc. raised its holdings in Under Armour by 8.3% during the 2nd quarter. Aldebaran Financial Inc. now owns 27,310 shares of the company’s stock worth $594,000 after buying an additional 2,090 shares during the period. Nationwide Fund Advisors raised its holdings in Under Armour by 6.8% during the 3rd quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock worth $864,000 after buying an additional 3,338 shares during the period. Van Hulzen Asset Management LLC raised its holdings in Under Armour by 42.5% during the 3rd quarter. Van Hulzen Asset Management LLC now owns 17,100 shares of the company’s stock worth $282,000 after buying an additional 5,100 shares during the period. IFP Advisors Inc raised its holdings in Under Armour by 5.6% during the 3rd quarter. IFP Advisors Inc now owns 97,318 shares of the company’s stock worth $1,604,000 after buying an additional 5,148 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in Under Armour during the 2nd quarter worth approximately $118,000. Hedge funds and other institutional investors own 31.23% of the company’s stock.
Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of Under Armour to $11.00 and set an “underperform” rating on the stock in a report on Tuesday, October 31st. Credit Suisse Group raised their target price on shares of Under Armour from $12.02 to $12.25 and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded shares of Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Wedbush restated a “neutral” rating and set a $17.00 target price on shares of Under Armour in a report on Tuesday, October 3rd. Finally, Guggenheim downgraded shares of Under Armour from a “buy” rating to a “neutral” rating in a report on Monday, September 25th. 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’s stock. The stock has an average rating of “Hold” and an average target price of $16.92.
Shares of Under Armour Inc (UAA) traded up $0.35 on Friday, reaching $13.63. 4,821,290 shares of the company were exchanged, compared to its average volume of 4,706,129. The firm 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 Inc has a fifty-two week low of $11.40 and a fifty-two week high of $33.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.23.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. Under Armour’s revenue was down 4.5% on a year-over-year basis. analysts predict that Under Armour Inc will post 0.2 earnings per share for the current year.
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Under Armour 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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