2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP boosted its position in Under Armour, Inc. ( NYSE:UAA – Free Report ) by 12.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 9,351,829 shares of the company’s stock after acquiring an additional 1,051,143 shares during the quarter. Dimensional Fund Advisors LP owned 2.14% of Under Armour worth $62,376,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in UAA. Jupiter Asset Management Ltd. purchased a new stake in Under Armour during the first quarter valued at about $8,944,000.
Norges Bank bought a new stake in shares of Under Armour in the 4th quarter valued at about $10,348,000. Janus Henderson Group PLC boosted its holdings in Under Armour by 27.2% during the 1st quarter.
Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock valued at $28,712,000 after acquiring an additional 831,202 shares during the period. Lumbard & Kellner LLC bought a new stake in Under Armour during the 1st quarter valued at $3,394,000. Finally, Quadrature Capital Ltd purchased a new position in Under Armour during the 1st quarter valued at about $1,471,000.
Hedge funds and other institutional investors own 34.58% of the company’s stock. Analyst Ratings Changes Several research firms have weighed in on UAA.
Argus raised Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Truist Financial raised their price objective on Under Armour from $7.00 to $8.
00 and gave the company a “hold” rating in a research report on Friday, August 9th. Morgan Stanley downgraded shares of Under Armour from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $8.00 to $4.
00 in a research report on Tuesday, July 23rd. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 target price on shares of Under Armour in a research report on Monday, August 5th.
Finally, Wedbush upped their price target on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research report on Friday, August 9th.
Three analysts have rated the stock with a sell rating, twelve have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Under Armour has an average rating of “Hold” and a consensus target price of $7.57.
Under Armour Price Performance NYSE:UAA opened at $8.94 on Friday. The business’s 50-day moving average is $7.
63 and its 200 day moving average is $7.14. Under Armour, Inc.
has a 12 month low of $6.17 and a 12 month high of $9.50.
The company has a market capitalization of $3.90 billion, a P/E ratio of 16.56, a P/E/G ratio of 3.
86 and a beta of 1.65. The company has a current ratio of 1.
73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33.
Under Armour ( NYSE:UAA – Get Free Report ) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.
08) by $0.09. Under Armour had a positive return on equity of 11.
98% and a negative net margin of 1.35%. The business had revenue of $1.
18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the firm earned $0.
02 EPS. The company’s revenue for the quarter was down 10.1% on a year-over-year basis.
On average, equities research analysts forecast that Under Armour, Inc. will post 0.21 earnings per share for the current fiscal year.
Under Armour Company Profile ( Free Report ) Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.
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