Sarasin & Partners LLP Buys Shares of 284,998 Under Armour Inc (UAA)

Sarasin & Partners LLP bought a new stake in shares of Under Armour Inc (NYSE:UAA) in the third quarter, HoldingsChannel reports. The institutional investor bought 284,998 shares of the company’s stock, valued at approximately $6,048,000.

Other large investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd raised its holdings in shares of Under Armour by 813.9% in the second quarter. Point72 Hong Kong Ltd now owns 5,849 shares of the company’s stock worth $131,000 after buying an additional 5,209 shares during the last quarter. NEXT Financial Group Inc purchased a new position in shares of Under Armour in the third quarter worth $138,000. Exane Derivatives raised its holdings in shares of Under Armour by 15,240.0% in the third quarter. Exane Derivatives now owns 6,903 shares of the company’s stock worth $148,000 after buying an additional 6,858 shares during the last quarter. Atlas Capital Advisors LLC purchased a new position in shares of Under Armour in the third quarter worth $197,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Under Armour by 119.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,921 shares of the company’s stock worth $201,000 after buying an additional 4,848 shares during the last quarter. 36.95% of the stock is owned by institutional investors.

A number of research firms have issued reports on UAA. ValuEngine raised shares of Under Armour from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Thursday, October 4th. Canaccord Genuity raised their price target on shares of Under Armour from $12.00 to $13.00 and gave the stock a “sell” rating in a report on Wednesday, October 31st. JPMorgan Chase & Co. raised shares of Under Armour from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $16.00 to $20.00 in a report on Friday, September 21st. Finally, SunTrust Banks raised their price target on shares of Under Armour to $20.00 and gave the stock a “hold” rating in a report on Friday, July 27th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, four 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 $21.26.

NYSE:UAA opened at $21.50 on Friday. The firm has a market capitalization of $9.64 billion, a PE ratio of 113.16, a price-to-earnings-growth ratio of 4.81 and a beta of -0.45. Under Armour Inc has a 1-year low of $12.50 and a 1-year high of $24.69. The company has a current ratio of 1.99, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.13. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Under Armour had a negative net margin of 2.68% and a positive return on equity of 3.96%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 earnings per share. Research analysts predict that Under Armour Inc will post 0.22 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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