TimesSquare Capital Management LLC reduced its holdings in shares of Under Armour Inc (NYSE:UAA) by 25.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 598,000 shares of the company’s stock after selling 209,500 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.13% of Under Armour worth $15,159,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of UAA. Geode Capital Management LLC increased its position in Under Armour by 10.5% in the fourth quarter. Geode Capital Management LLC now owns 2,412,785 shares of the company’s stock worth $42,551,000 after buying an additional 228,475 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in Under Armour in the first quarter worth $164,000. SP Asset Management purchased a new stake in Under Armour in the first quarter worth $208,000. Norges Bank purchased a new stake in Under Armour in the fourth quarter worth $13,859,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Under Armour in the second quarter worth $289,000. Institutional investors and hedge funds own 37.29% of the company’s stock.
Shares of NYSE UAA traded up $0.14 during mid-day trading on Friday, hitting $18.65. The company had a trading volume of 3,317,900 shares, compared to its average volume of 6,374,914. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 69.07, a P/E/G ratio of 2.02 and a beta of 0.51. Under Armour Inc has a 1 year low of $16.52 and a 1 year high of $27.72. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average price is $24.50 and its 200-day moving average price is $23.11.
A number of research firms have issued reports on UAA. Telsey Advisory Group reissued a “market perform” rating and issued a $25.00 target price (up from $22.00) on shares of Under Armour in a research report on Thursday, July 25th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Wednesday, May 8th. Wells Fargo & Co raised their target price on Under Armour from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Thursday, June 13th. JPMorgan Chase & Co. upgraded Under Armour from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $23.00 to $29.00 in a research report on Friday, May 17th. Finally, ValuEngine cut Under Armour from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.47.
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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