Under Armour, Inc. (NYSE:UA) Position Reduced by Bank of Montreal Can

Bank of Montreal Can trimmed its position in Under Armour, Inc. (NYSE:UA) by 3.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,119 shares of the company’s stock after selling 3,085 shares during the period. Bank of Montreal Can’s holdings in Under Armour were worth $652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UA. Headlands Technologies LLC lifted its stake in Under Armour by 24,302.4% during the first quarter. Headlands Technologies LLC now owns 10,249 shares of the company’s stock valued at $73,000 after buying an additional 10,207 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Under Armour during the first quarter valued at approximately $78,000. CWM LLC lifted its position in shares of Under Armour by 31.1% in the 2nd quarter. CWM LLC now owns 12,628 shares of the company’s stock valued at $82,000 after acquiring an additional 2,995 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Under Armour in the 4th quarter worth approximately $133,000. Finally, Ridgewood Investments LLC purchased a new position in Under Armour during the 2nd quarter worth approximately $112,000. 36.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reduced their target price on Under Armour from $10.00 to $9.00 and set a “buy” rating for the company in a report on Monday, June 24th.

Under Armour Trading Down 0.2 %

Shares of NYSE UA opened at $8.00 on Wednesday. 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, Inc. has a one year low of $6.02 and a one year high of $8.99. The business has a 50-day moving average price of $7.56 and a two-hundred day moving average price of $6.95. The firm has a market capitalization of $3.46 billion, a PE ratio of 15.09 and a beta of 1.64.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.10. The business had revenue of $1.18 billion during the quarter. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. As a group, analysts predict that Under Armour, Inc. will post 0.2 earnings per share for the current fiscal year.

About Under Armour

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.