Jane Street Group LLC raised its position in Under Armour Inc (NYSE:UAA) by 538.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,397 shares of the company’s stock after buying an additional 140,503 shares during the period. Jane Street Group LLC’s holdings in Under Armour were worth $1,885,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. purchased a new position in Under Armour in the second quarter valued at $118,000. Municipal Employees Retirement System of Michigan purchased a new position in Under Armour in the second quarter valued at $129,000. WFG Advisors LP purchased a new position in Under Armour in the second quarter valued at $132,000. Global X Management Co. LLC purchased a new position in Under Armour in the second quarter valued at $134,000. Finally, Armor Investment Advisors LLC purchased a new position in Under Armour in the second quarter valued at $134,000. 31.22% of the stock is owned by institutional investors.
Under Armour Inc (NYSE UAA) traded up $0.35 during trading hours on Monday, reaching $13.63. 4,822,100 shares of the company’s stock traded hands, compared to its average volume of 5,531,796. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37. The firm has a market cap of $6,020.33, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 4.03 and a beta of -0.13. Under Armour Inc has a 12 month low of $11.40 and a 12 month high of $33.45.
Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The firm’s revenue was down 4.5% compared to the same quarter last year. sell-side analysts anticipate that Under Armour Inc will post 0.2 EPS for the current year.
A number of research analysts have weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Under Armour in a report on Tuesday, September 12th. They issued an “underperform” rating and a $14.00 price objective for the company. Wells Fargo & Company lowered shares of Under Armour from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $17.00 to $13.00 in a research report on Tuesday, September 19th. Vetr lowered shares of Under Armour from a “hold” rating to a “sell” rating and set a $16.78 target price on the stock. in a research report on Thursday, September 7th. Jefferies Group reiterated a “buy” rating and issued a $28.00 target price on shares of Under Armour in a research report on Thursday, September 7th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $18.00 target price on shares of Under Armour in a research report on Thursday, August 24th. Eighteen analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.92.
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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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