Baird Financial Group Inc. grew its position in Under Armour Inc (NYSE:UAA) by 26.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,354 shares of the company’s stock after buying an additional 21,257 shares during the quarter. Baird Financial Group Inc.’s holdings in Under Armour were worth $2,163,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of UAA. Cambridge Investment Research Advisors Inc. grew its holdings in Under Armour by 2.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 90,309 shares of the company’s stock worth $2,030,000 after acquiring an additional 2,481 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in shares of Under Armour by 2.3% during the 3rd quarter. Pictet Asset Management Ltd. now owns 110,927 shares of the company’s stock valued at $2,354,000 after acquiring an additional 2,500 shares during the period. Norinchukin Bank The raised its holdings in Under Armour by 13.6% during the third quarter. Norinchukin Bank The now owns 23,932 shares of the company’s stock worth $508,000 after buying an additional 2,860 shares during the last quarter. Lincoln National Corp raised its holdings in Under Armour by 30.3% during the third quarter. Lincoln National Corp now owns 12,563 shares of the company’s stock worth $267,000 after buying an additional 2,922 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in Under Armour by 7.4% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 46,633 shares of the company’s stock worth $1,048,000 after buying an additional 3,218 shares during the last quarter. Institutional investors own 41.83% of the company’s stock.
Under Armour stock opened at $23.45 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.09. Under Armour Inc has a one year low of $12.50 and a one year high of $24.96. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 123.42, a price-to-earnings-growth ratio of 5.24 and a beta of -0.43.
UAA has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Telsey Advisory Group reiterated a “market perform” rating and set a $22.00 target price on shares of Under Armour in a research report on Wednesday, October 24th. Buckingham Research increased their price target on shares of Under Armour from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, August 16th. ValuEngine raised shares of Under Armour from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Finally, Credit Suisse Group raised their target price on shares of Under Armour from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $21.36.
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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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