Texas Permanent School Fund Corp Sells 19,580 Shares of Under Armour, Inc. (NYSE:UA)

Texas Permanent School Fund Corp lessened its stake in Under Armour, Inc. (NYSE:UA) by 11.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,429 shares of the company’s stock after selling 19,580 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Under Armour were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. BDT Capital Partners LLC lifted its stake in shares of Under Armour by 22.6% during the fourth quarter. BDT Capital Partners LLC now owns 42,953,937 shares of the company’s stock valued at $358,665,000 after acquiring an additional 7,919,165 shares during the period. Norges Bank bought a new stake in Under Armour during the 4th quarter worth about $19,686,000. Dimensional Fund Advisors LP lifted its position in Under Armour by 28.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,206,551 shares of the company’s stock valued at $76,877,000 after purchasing an additional 2,065,273 shares during the period. Victory Capital Management Inc. lifted its position in Under Armour by 14.2% during the 2nd quarter. Victory Capital Management Inc. now owns 6,059,071 shares of the company’s stock valued at $39,566,000 after purchasing an additional 752,018 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in shares of Under Armour during the 1st quarter worth approximately $1,217,000. 36.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Stifel Nicolaus cut their price objective on shares of Under Armour from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Monday, June 24th.

Under Armour Trading Up 1.5 %

NYSE UA opened at $7.60 on Friday. Under Armour, Inc. has a 12 month low of $5.86 and a 12 month high of $8.99. The stock has a 50-day simple moving average of $7.18 and a 200 day simple moving average of $6.92. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $3.28 billion, a PE ratio of 14.13 and a beta of 1.64.

Under Armour (NYSE:UA) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.10. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The company had revenue of $1.18 billion during the quarter. Research analysts forecast that Under Armour, Inc. will post 0.2 EPS for the current year.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.