Landscape Capital Management L.L.C. Reduces Stock Position in Under Armour Inc (NYSE:UA)

Landscape Capital Management L.L.C. lessened its holdings in Under Armour Inc (NYSE:UA) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 174,841 shares of the company’s stock after selling 818 shares during the period. Landscape Capital Management L.L.C.’s holdings in Under Armour were worth $3,881,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UA. Thor Advisors LLC bought a new stake in shares of Under Armour during the first quarter valued at approximately $29,000. Bray Capital Advisors acquired a new stake in shares of Under Armour in the first quarter valued at about $41,000. Bremer Bank National Association acquired a new stake in shares of Under Armour in the first quarter valued at about $48,000. Whittier Trust Co. grew its position in shares of Under Armour by 545.8% in the first quarter. Whittier Trust Co. now owns 3,694 shares of the company’s stock valued at $70,000 after purchasing an additional 3,122 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Under Armour in the fourth quarter valued at about $96,000. Hedge funds and other institutional investors own 32.42% of the company’s stock.

In other news, insider Kevin Eskridge sold 56,500 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $17.69, for a total value of $999,485.00. Following the completion of the transaction, the insider now directly owns 196,374 shares of the company’s stock, valued at $3,473,856.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 15.90% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Evercore ISI reiterated a “buy” rating and issued a $33.00 target price on shares of Under Armour in a research note on Sunday. JPMorgan Chase & Co. raised shares of Under Armour from a “neutral” rating to an “overweight” rating and upped their target price for the company from $23.00 to $29.00 in a report on Friday, May 17th. Pivotal Research reaffirmed a “hold” rating and issued a $25.00 target price on shares of Under Armour in a report on Wednesday, July 24th. Piper Jaffray Companies set a $30.00 target price on shares of Under Armour and gave the company a “buy” rating in a report on Monday, June 24th. Finally, ValuEngine cut shares of Under Armour from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.91.

Shares of UA traded down $0.51 during mid-day trading on Thursday, hitting $16.45. 159,469 shares of the company traded hands, compared to its average volume of 2,682,557. Under Armour Inc has a 1-year low of $15.05 and a 1-year high of $24.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.83 and a quick ratio of 1.11. The company has a market capitalization of $7.98 billion, a P/E ratio of 60.78 and a beta of 0.96. The firm’s 50 day simple moving average is $21.87.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, July 30th. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). Under Armour had a return on equity of 7.83% and a net margin of 1.62%. The firm had revenue of $1.19 billion during the quarter. On average, sell-side analysts predict that Under Armour Inc will post 0.35 earnings per share for the current fiscal year.

About Under Armour

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:UA)

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