Janus Henderson Group PLC raised its stake in shares of Under Armour Inc (NYSE:UA) by 579.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 237,963 shares of the company’s stock after purchasing an additional 202,927 shares during the period. Janus Henderson Group PLC owned 0.05% of Under Armour worth $3,571,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. IHT Wealth Management LLC increased its position in Under Armour by 48.4% during the second quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock worth $286,000 after purchasing an additional 305 shares during the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new position in Under Armour during the third quarter worth approximately $103,000. Massey Quick Simon & CO. LLC acquired a new position in Under Armour during the third quarter worth approximately $139,000. Great Lakes Advisors LLC acquired a new position in Under Armour during the second quarter worth approximately $202,000. Finally, Abbot Financial Management Inc. acquired a new position in Under Armour during the third quarter worth approximately $153,000. 31.84% of the stock is owned by hedge funds and other institutional investors.
Under Armour Inc (NYSE UA) opened at $14.14 on Friday. The firm has a market cap of $6,500.00 and a price-to-earnings ratio of 44.19. Under Armour Inc has a 52 week low of $10.36 and a 52 week high of $26.99.
Several equities research analysts have recently issued reports on UA shares. Jefferies Group reissued a “buy” rating and issued a $28.00 price objective on shares of Under Armour in a research report on Friday, October 13th. Stifel Nicolaus raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Friday, December 15th. Vetr raised shares of Under Armour from a “sell” rating to a “buy” rating and set a $14.91 price objective for the company in a research report on Wednesday, December 20th. Piper Jaffray Companies set a $11.00 price objective on shares of Under Armour and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, Oppenheimer reissued a “hold” rating on shares of Under Armour in a research report on Tuesday, October 31st. Nine analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $16.14.
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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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