State of Alaska Department of Revenue Has $203,000 Position in Under Armour, Inc. (NYSE:UAA)

State of Alaska Department of Revenue lifted its stake in Under Armour, Inc. (NYSE:UAA) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,835 shares of the company’s stock after purchasing an additional 1,485 shares during the period. State of Alaska Department of Revenue’s holdings in Under Armour were worth $203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Under Armour by 11.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after purchasing an additional 1,409 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Under Armour by 2,413.5% in the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock valued at $638,000 after purchasing an additional 68,786 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Under Armour in the third quarter valued at approximately $56,000. Aaron Wealth Advisors LLC bought a new position in Under Armour in the third quarter valued at approximately $241,000. Finally, nVerses Capital LLC bought a new position in Under Armour in the third quarter valued at approximately $276,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Trading Down 13.0 %

UAA opened at $9.68 on Friday. The stock has a market capitalization of $4.18 billion, a P/E ratio of -53.77, a P/E/G ratio of 4.06 and a beta of 1.66. Under Armour, Inc. has a 12 month low of $6.17 and a 12 month high of $11.89. The firm’s fifty day simple moving average is $8.47 and its 200 day simple moving average is $7.52. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.19 by $0.11. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. As a group, research analysts anticipate that Under Armour, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UAA. BMO Capital Markets raised their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. UBS Group raised their price objective on shares of Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Friday. Argus raised shares of Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $8.00 price objective on shares of Under Armour in a research note on Monday, November 4th. Finally, Robert W. Baird raised their price objective on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.78.

Under Armour Profile

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.