Teachers Retirement System of The State of Kentucky lifted its stake in shares of Under Armour (NYSE:UA) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,482 shares of the company’s stock after acquiring an additional 3,524 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Under Armour were worth $1,591,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in UA. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Under Armour during the 4th quarter valued at approximately $127,000. Boston Private Wealth LLC bought a new stake in Under Armour during the 3rd quarter valued at approximately $159,000. CIBC World Markets Inc. bought a new stake in Under Armour during the 4th quarter valued at approximately $157,000. Crossmark Global Holdings Inc. bought a new stake in Under Armour during the 3rd quarter valued at approximately $184,000. Finally, InterOcean Capital LLC bought a new stake in Under Armour during the 3rd quarter valued at approximately $185,000. Institutional investors own 32.30% of the company’s stock.
In other news, insider Kerry D. Chandler sold 19,643 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $15.09, for a total value of $296,412.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Under Armour (NYSE UA) opened at $14.07 on Tuesday. Under Armour has a twelve month low of $10.36 and a twelve month high of $21.81. The stock has a market capitalization of $6,225.77, a P/E ratio of 78.22 and a beta of -0.84.
Under Armour (NYSE:UA) last issued its earnings results on Tuesday, February 13th. The company reported ($0.20) earnings per share (EPS) for the quarter. Under Armour had a positive return on equity of 9.38% and a negative net margin of 0.97%. The company had revenue of $1.37 billion during the quarter. During the same period in the previous year, the firm posted $0.23 earnings per share.
Several analysts recently weighed in on UA shares. Stifel Nicolaus upgraded Under Armour from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Friday, December 15th. Vetr upgraded Under Armour from a “sell” rating to a “buy” rating and set a $14.91 target price for the company in a research note on Wednesday, December 20th. Susquehanna Bancshares restated a “sell” rating and set a $11.00 target price on shares of Under Armour in a research note on Tuesday, January 9th. Deutsche Bank set a $12.00 target price on Under Armour and gave the company a “sell” rating in a research note on Thursday, December 14th. Finally, Pivotal Research set a $14.00 target price on Under Armour and gave the company a “hold” rating in a research note on Monday, February 12th. Eleven research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.38.
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Under Armour Company Profile
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, cold, and in between the extremes.
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