Landscape Capital Management L.L.C. cut its stake in shares of Under Armour Inc (NYSE:UA) by 0.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 174,841 shares of the company’s stock after selling 818 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Under Armour were worth $3,881,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thor Advisors LLC purchased a new stake in shares of Under Armour during the first quarter worth $29,000. Bray Capital Advisors purchased a new stake in shares of Under Armour during the first quarter worth $41,000. Bremer Bank National Association purchased a new stake in shares of Under Armour during the first quarter worth $48,000. Whittier Trust Co. raised its holdings in shares of Under Armour by 545.8% during the first quarter. Whittier Trust Co. now owns 3,694 shares of the company’s stock worth $70,000 after acquiring an additional 3,122 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Under Armour during the fourth quarter worth $96,000. 32.42% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on UA. JPMorgan Chase & Co. upgraded Under Armour from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $23.00 to $29.00 in a report on Friday, May 17th. Piper Jaffray Companies set a $30.00 price objective on Under Armour and gave the stock a “buy” rating in a report on Monday, June 24th. Evercore ISI reiterated a “buy” rating and set a $33.00 price objective on shares of Under Armour in a report on Sunday. Stifel Nicolaus set a $30.00 price objective on Under Armour and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, ValuEngine lowered Under Armour from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Under Armour currently has an average rating of “Hold” and a consensus price target of $22.91.
NYSE UA traded down $0.51 during trading on Thursday, hitting $16.45. 159,469 shares of the company traded hands, compared to its average volume of 2,682,557. Under Armour Inc has a 12 month low of $15.05 and a 12 month high of $24.55. The business’s fifty day simple moving average is $21.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.83 and a quick ratio of 1.11. The company has a market cap of $7.98 billion, a P/E ratio of 60.78 and a beta of 0.96.
Under Armour (NYSE:UA) last posted its earnings results on Tuesday, July 30th. The company reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). Under Armour had a return on equity of 7.83% and a net margin of 1.62%. The company had revenue of $1.19 billion for the quarter. On average, equities research analysts predict that Under Armour Inc will post 0.35 EPS for the current fiscal 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 and cold.
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