TD Asset Management Inc. Lowers Position in Under Armour, Inc. (UA)
TD Asset Management Inc. decreased its stake in shares of Under Armour, Inc. (NYSE:UA) by 54.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,251 shares of the company’s stock after selling 74,276 shares during the period. TD Asset Management Inc.’s holdings in Under Armour were worth $1,255,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Cibc World Markets Corp raised its stake in Under Armour by 52.4% in the first quarter. Cibc World Markets Corp now owns 38,444 shares of the company’s stock valued at $732,000 after buying an additional 13,211 shares in the last quarter. Pacer Advisors Inc. raised its stake in Under Armour by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after buying an additional 220 shares in the last quarter. Brown Capital Management LLC raised its stake in Under Armour by 16.3% in the first quarter. Brown Capital Management LLC now owns 31,069 shares of the company’s stock valued at $615,000 after buying an additional 4,364 shares in the last quarter. Goodman Financial Corp purchased a new stake in Under Armour during the first quarter valued at about $4,643,000. Finally, Airain ltd raised its stake in Under Armour by 107.0% in the first quarter. Airain ltd now owns 221,615 shares of the company’s stock valued at $4,384,000 after buying an additional 114,551 shares in the last quarter. 57.08% of the stock is currently owned by institutional investors and hedge funds.
Under Armour, Inc. (NYSE:UA) opened at 15.94 on Friday. The company has a market cap of $7.03 billion, a PE ratio of 32.27 and a beta of 0.78. Under Armour, Inc. has a 1-year low of $15.10 and a 1-year high of $38.46. The stock has a 50 day moving average price of $17.36 and a 200 day moving average price of $18.41.
Under Armour (NYSE:UA) last announced its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The business had revenue of $1.09 billion during the quarter. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. Equities analysts forecast that Under Armour, Inc. will post $0.38 earnings per share for the current year.
Several research firms recently issued reports on UA. Credit Suisse Group set a $17.00 price target on Under Armour and gave the company a “sell” rating in a research report on Wednesday, June 14th. Vetr raised Under Armour from a “sell” rating to a “hold” rating and set a $19.90 target price on the stock in a research report on Thursday, June 15th. BidaskClub raised Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Under Armour in a research report on Monday, June 26th. Finally, Wells Fargo & Company set a $19.00 target price on Under Armour and gave the stock a “hold” rating in a research report on Thursday, June 8th. Eight equities research analysts have rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $18.87.
About Under Armour
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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