State Board of Administration of Florida Retirement System Takes $5.65 Million Position in Under Armour, Inc. (UAA)
State Board of Administration of Florida Retirement System acquired a new stake in Under Armour, Inc. (NYSE:UAA) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 259,677 shares of the company’s stock, valued at approximately $5,651,000. State Board of Administration of Florida Retirement System owned 0.06% of Under Armour at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in shares of Under Armour in the 2nd quarter valued at approximately $30,172,000. SG Americas Securities LLC bought a new stake in shares of Under Armour in the 2nd quarter valued at approximately $25,355,000. Legal & General Group Plc bought a new stake in shares of Under Armour in the 2nd quarter valued at approximately $17,854,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Under Armour in the 2nd quarter valued at approximately $15,325,000. Finally, Gateway Investment Advisers LLC bought a new stake in shares of Under Armour in the 2nd quarter valued at approximately $12,957,000. Institutional investors own 30.53% of the company’s stock.
Under Armour, Inc. (NYSE:UAA) opened at 16.37 on Tuesday. The firm’s 50-day moving average price is $18.51 and its 200-day moving average price is $19.89. The company has a market cap of $7.22 billion, a PE ratio of 33.14 and a beta of -0.04. Under Armour, Inc. has a 12-month low of $15.92 and a 12-month high of $40.15.
Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities research analysts forecast that Under Armour, Inc. will post $0.38 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on UAA shares. Vetr upgraded Under Armour from a “buy” rating to a “strong-buy” rating and set a $22.90 price objective on the stock in a research note on Monday, May 15th. Deutsche Bank AG lowered Under Armour from a “hold” rating to a “sell” rating and lowered their price objective for the company from $20.27 to $17.00 in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, July 4th. Stifel Nicolaus reiterated a “hold” rating and issued a $18.00 price objective on shares of Under Armour in a research note on Thursday, August 24th. Finally, Buckingham Research reiterated an “underperform” rating and issued a $15.00 price objective on shares of Under Armour in a research note on Thursday, July 27th. Eleven equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.65.
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Under Armour Company Profile
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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