Rhumbline Advisers reduced its position in Under Armour Inc (NYSE:UA) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 325,938 shares of the company’s stock after selling 8,996 shares during the period. Rhumbline Advisers’ holdings in Under Armour were worth $6,150,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc boosted its holdings in shares of Under Armour by 1.0% during the third quarter. Vanguard Group Inc now owns 19,163,832 shares of the company’s stock worth $372,929,000 after purchasing an additional 192,829 shares during the period. BlackRock Inc. boosted its holdings in shares of Under Armour by 6.6% during the fourth quarter. BlackRock Inc. now owns 12,335,009 shares of the company’s stock worth $199,459,000 after purchasing an additional 763,174 shares during the period. FMR LLC boosted its holdings in shares of Under Armour by 161.2% during the fourth quarter. FMR LLC now owns 4,528,755 shares of the company’s stock worth $73,230,000 after purchasing an additional 2,794,611 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of Under Armour by 23.7% during the fourth quarter. Baillie Gifford & Co. now owns 4,443,253 shares of the company’s stock worth $71,847,000 after purchasing an additional 851,765 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Under Armour by 12.4% during the fourth quarter. American Century Companies Inc. now owns 4,215,340 shares of the company’s stock worth $68,162,000 after purchasing an additional 463,865 shares during the period. 32.52% of the stock is currently owned by institutional investors and hedge funds.
NYSE UA opened at $20.91 on Friday. The company has a quick ratio of 1.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 77.44 and a beta of 1.00. Under Armour Inc has a 12-month low of $15.05 and a 12-month high of $23.28.
Several analysts recently commented on the stock. Pivotal Research restated a “hold” rating and set a $23.00 price target on shares of Under Armour in a report on Tuesday, April 30th. ValuEngine cut shares of Under Armour from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Canaccord Genuity set a $13.00 price target on shares of Under Armour and gave the stock a “sell” rating in a report on Tuesday, March 19th. JPMorgan Chase & Co. upgraded shares of Under Armour from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $23.00 to $29.00 in a report on Friday, May 17th. Finally, B. Riley set a $12.00 price target on shares of Under Armour and gave the stock a “sell” rating in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Under Armour currently has a consensus rating of “Hold” and an average price target of $20.50.
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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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