City Holding Co. bought a new position in shares of Under Armour, Inc. (NYSE:UAA) during the second quarter, Holdings Channel reports. The institutional investor bought 24,470 shares of the company’s stock, valued at approximately $532,000.
Other institutional investors also recently modified their holdings of the company. Carlton Hofferkamp & Jenks Wealth Management LLC bought a new position in shares of Under Armour during the second quarter worth approximately $312,000. Capstone Asset Management Co. bought a new position in shares of Under Armour during the second quarter worth approximately $330,000. DnB Asset Management AS bought a new position in shares of Under Armour during the second quarter worth approximately $405,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of Under Armour during the first quarter valued at about $405,000. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of Under Armour during the second quarter valued at about $474,000. Institutional investors own 29.94% of the company’s stock.
Under Armour, Inc. (NYSE UAA) traded down 0.19% during trading on Monday, hitting $20.60. 2,578,886 shares of the stock traded hands. Under Armour, Inc. has a one year low of $18.34 and a one year high of $44.68. The company has a market capitalization of $9.07 billion, a P/E ratio of 52.02 and a beta of -0.05. The company’s 50 day moving average is $20.57 and its 200 day moving average is $22.67.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, April 27th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Under Armour had a net margin of 4.84% and a return on equity of 12.25%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. The firm’s revenue was up 6.7% on a year-over-year basis. On average, equities analysts forecast that Under Armour, Inc. will post $0.43 EPS for the current fiscal year.
UAA has been the subject of several analyst reports. Wedbush initiated coverage on Under Armour in a research report on Tuesday, April 11th. They set a “neutral” rating and a $18.00 price objective for the company. Credit Suisse Group reiterated an “underperform” rating and set a $17.00 price objective on shares of Under Armour in a research report on Friday, June 16th. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 price objective on shares of Under Armour in a research report on Wednesday, June 21st. Stifel Nicolaus reiterated a “hold” rating and set a $19.00 price objective on shares of Under Armour in a research report on Sunday, April 23rd. Finally, B. Riley reiterated a “neutral” rating and set a $19.00 price objective on shares of Under Armour in a research report on Sunday, April 30th. Eight analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.98.
In related news, Director William R. Mcdermott sold 4,799 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $21.40, for a total value of $102,698.60. Following the completion of the transaction, the director now owns 59,657 shares of the company’s stock, valued at $1,276,659.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kerry D. Chandler sold 5,921 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $21.38, for a total transaction of $126,590.98. Following the completion of the transaction, the insider now directly owns 12,803 shares of the company’s stock, valued at approximately $273,728.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,519 shares of company stock valued at $331,652. 16.40% of the stock is owned by insiders.
About Under Armour
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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