BB&T Securities LLC trimmed its stake in shares of Under Armour Inc (NYSE:UAA) by 13.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,801 shares of the company’s stock after selling 3,000 shares during the quarter. BB&T Securities LLC’s holdings in Under Armour were worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. bought a new position in shares of Under Armour during the first quarter worth about $112,000. Highland Capital Management LP bought a new position in shares of Under Armour during the first quarter worth about $164,000. Cerebellum GP LLC bought a new position in shares of Under Armour during the second quarter worth about $171,000. Gables Capital Management Inc. bought a new position in shares of Under Armour during the first quarter worth about $177,000. Finally, Financial Advocates Investment Management bought a new position in shares of Under Armour during the first quarter worth about $194,000. Institutional investors own 36.78% of the company’s stock.
A number of equities analysts have recently issued reports on UAA shares. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research report on Saturday, July 7th. JPMorgan Chase & Co. upgraded Under Armour from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $16.00 to $20.00 in a report on Friday, September 21st. B. Riley reiterated a “sell” rating on shares of Under Armour in a report on Friday, July 27th. Morgan Stanley assumed coverage on Under Armour in a report on Wednesday, August 1st. They issued an “equal weight” rating and a $20.00 target price for the company. Finally, Credit Suisse Group lifted their target price on Under Armour from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Ten research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $17.42.
Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, July 26th. The company reported ($0.08) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.08). Under Armour had a positive return on equity of 3.32% and a negative net margin of 3.11%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the firm posted ($0.03) earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, research analysts predict that Under Armour Inc will post 0.17 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, cold, and in between the extremes.
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