CNB Bank Acquires 6,584 Shares of Under Armour Inc (NYSE:UAA)

CNB Bank lifted its holdings in shares of Under Armour Inc (NYSE:UAA) by 380.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,316 shares of the company’s stock after acquiring an additional 6,584 shares during the quarter. CNB Bank’s holdings in Under Armour were worth $166,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealthstreet Investment Advisors LLC lifted its holdings in Under Armour by 1.1% during the 2nd quarter. Wealthstreet Investment Advisors LLC now owns 42,060 shares of the company’s stock worth $1,066,000 after purchasing an additional 470 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Under Armour by 0.3% during the 2nd quarter. Prudential Financial Inc. now owns 171,558 shares of the company’s stock worth $4,349,000 after purchasing an additional 500 shares during the last quarter. Comerica Bank lifted its holdings in Under Armour by 1.5% during the 2nd quarter. Comerica Bank now owns 35,584 shares of the company’s stock worth $958,000 after purchasing an additional 526 shares during the last quarter. Sandy Spring Bank lifted its holdings in Under Armour by 25.7% during the 2nd quarter. Sandy Spring Bank now owns 2,835 shares of the company’s stock worth $71,000 after purchasing an additional 580 shares during the last quarter. Finally, DNB Asset Management AS lifted its holdings in Under Armour by 3.8% during the 3rd quarter. DNB Asset Management AS now owns 16,333 shares of the company’s stock worth $326,000 after purchasing an additional 601 shares during the last quarter. Institutional investors own 38.61% of the company’s stock.

Several analysts recently weighed in on UAA shares. UBS Group dropped their price target on Under Armour from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Goldman Sachs Group set a $26.00 price target on Under Armour and gave the stock a “buy” rating in a report on Tuesday. Susquehanna Bancshares dropped their price target on Under Armour from $16.00 to $14.00 and set a “negative” rating for the company in a report on Friday, October 18th. Credit Suisse Group reissued a “neutral” rating and set a $25.00 price target on shares of Under Armour in a report on Thursday, October 31st. Finally, Raymond James started coverage on Under Armour in a report on Tuesday. They set an “outperform” rating and a $30.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. Under Armour currently has a consensus rating of “Hold” and a consensus target price of $22.06.

Shares of NYSE UAA opened at $17.56 on Friday. The stock has a market capitalization of $7.94 billion, a PE ratio of 65.04, a P/E/G ratio of 1.87 and a beta of 0.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.05 and a quick ratio of 1.11. The business has a fifty day moving average price of $19.85 and a two-hundred day moving average price of $22.30. Under Armour Inc has a fifty-two week low of $16.52 and a fifty-two week high of $27.72.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Under Armour had a return on equity of 7.24% and a net margin of 2.14%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. On average, equities analysts expect that Under Armour Inc will post 0.34 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 and cold.

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

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