IFP Advisors Inc boosted its position in Under Armour (NYSE:UAA) by 56.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,911 shares of the company’s stock after buying an additional 46,043 shares during the quarter. IFP Advisors Inc’s holdings in Under Armour were worth $2,091,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Delpha Capital Management LLC acquired a new position in Under Armour in the 4th quarter valued at $110,000. Robeco Institutional Asset Management B.V. acquired a new position in Under Armour in the 1st quarter valued at $112,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Under Armour by 248.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,700 shares of the company’s stock valued at $126,000 after buying an additional 6,200 shares during the last quarter. Vantage Investment Advisors LLC grew its stake in Under Armour by 240.0% in the 4th quarter. Vantage Investment Advisors LLC now owns 10,092 shares of the company’s stock valued at $128,000 after buying an additional 7,124 shares during the last quarter. Finally, Calton & Associates Inc. acquired a new position in Under Armour in the 4th quarter valued at $131,000. Institutional investors and hedge funds own 38.18% of the company’s stock.
In related news, insider Kerry D. Chandler sold 2,534 shares of Under Armour stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $16.79, for a total transaction of $42,545.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harvey Sanders sold 6,513 shares of Under Armour stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $18.36, for a total transaction of $119,578.68. The disclosure for this sale can be found here. Insiders have sold a total of 15,555 shares of company stock valued at $277,316 over the last three months. 16.40% of the stock is currently owned by insiders.
A number of research firms recently issued reports on UAA. ValuEngine upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. Buckingham Research raised their price target on shares of Under Armour from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 2nd. Citigroup raised their price target on shares of Under Armour from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 2nd. DA Davidson restated a “neutral” rating on shares of Under Armour in a research report on Monday, May 7th. Finally, Stifel Nicolaus raised their price target on shares of Under Armour from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, May 2nd. Fourteen research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $14.84.
Under Armour opened at $20.58 on Friday, Marketbeat.com reports. The stock has a market cap of $8.92 billion, a PE ratio of 108.32, a price-to-earnings-growth ratio of 5.37 and a beta of -0.26. Under Armour has a 52 week low of $11.40 and a 52 week high of $23.46. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.38.
Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, May 1st. The company reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.05. Under Armour had a negative net margin of 1.51% and a positive return on equity of 4.32%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm earned ($0.01) EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities research analysts expect that Under Armour will post 0.18 EPS for the current year.
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.
Want to see what other hedge funds are holding UAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Under Armour (NYSE:UAA).
Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.