Whittier Trust Co. Buys 3,230 Shares of Under Armour Inc (UAA)

Whittier Trust Co. increased its stake in Under Armour Inc (NYSE:UAA) by 687.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 3,700 shares of the company’s stock after purchasing an additional 3,230 shares during the quarter. Whittier Trust Co.’s holdings in Under Armour were worth $78,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC acquired a new stake in shares of Under Armour in the first quarter valued at about $25,000. Bremer Trust National Association acquired a new stake in shares of Under Armour in the fourth quarter valued at about $32,000. Penserra Capital Management LLC grew its stake in shares of Under Armour by 235.9% in the fourth quarter. Penserra Capital Management LLC now owns 4,528 shares of the company’s stock valued at $80,000 after buying an additional 3,180 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Under Armour in the fourth quarter valued at about $99,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Under Armour in the fourth quarter valued at about $105,000. Institutional investors and hedge funds own 39.20% of the company’s stock.

NYSE:UAA opened at $22.74 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 2.02. Under Armour Inc has a 52 week low of $16.52 and a 52 week high of $24.96. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 84.22, a PEG ratio of 3.02 and a beta of 0.45.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, May 2nd. The company reported $0.05 EPS for the quarter. Under Armour had a return on equity of 7.17% and a net margin of 0.12%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, research analysts forecast that Under Armour Inc will post 0.34 earnings per share for the current fiscal year.

In other Under Armour news, insider Paul Fipps sold 3,106 shares of the stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $21.55, for a total transaction of $66,934.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 16.40% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Goldman Sachs Group upgraded Under Armour from a “neutral” rating to a “buy” rating and increased their target price for the company from $24.00 to $28.00 in a research note on Tuesday, January 22nd. ValuEngine raised Under Armour from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Saturday, January 5th. Credit Suisse Group reissued a “neutral” rating and issued a $26.00 price target on shares of Under Armour in a report on Tuesday, April 30th. Finally, B. Riley reissued a “sell” rating and issued a $12.00 price target on shares of Under Armour in a report on Tuesday, February 5th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.61.

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Under Armour 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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