Bleakley Financial Group LLC Decreases Position in Under Armour, Inc. (NYSE:UAA)

Bleakley Financial Group LLC trimmed its position in Under Armour, Inc. (NYSE:UAA) by 88.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,225 shares of the company’s stock after selling 318,053 shares during the quarter. Bleakley Financial Group LLC’s holdings in Under Armour were worth $385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of UAA. Jupiter Asset Management Ltd. acquired a new stake in shares of Under Armour in the 1st quarter valued at $8,944,000. Dimensional Fund Advisors LP raised its holdings in shares of Under Armour by 12.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after purchasing an additional 1,051,143 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Under Armour by 27.2% in the 1st quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock valued at $28,712,000 after purchasing an additional 831,202 shares in the last quarter. Lumbard & Kellner LLC acquired a new stake in shares of Under Armour in the 1st quarter valued at $3,394,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Under Armour in the 1st quarter valued at $1,471,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UAA. Stifel Nicolaus raised their price objective on shares of Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, August 9th. Barclays lifted their price target on shares of Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Wedbush lifted their price target on shares of Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 price target on shares of Under Armour in a research note on Monday, August 5th. Finally, BMO Capital Markets lifted their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Under Armour has an average rating of “Hold” and a consensus target price of $7.57.

Under Armour Stock Down 2.0 %

Shares of NYSE:UAA opened at $8.96 on Wednesday. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 4.55 and a beta of 1.66. The firm’s 50-day simple moving average is $8.27 and its 200-day simple moving average is $7.33. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $9.58.

Under Armour (NYSE:UAA) last issued its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.09. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The business’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 earnings per share. As a group, equities research analysts predict that Under Armour, Inc. will post 0.21 earnings per share for the current year.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.