Bank of Montreal Can Has $376,000 Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Bank of Montreal Can cut its stake in shares of Under Armour, Inc. (NYSE:UAA) by 53.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,955 shares of the company’s stock after selling 62,323 shares during the period. Bank of Montreal Can’s holdings in Under Armour were worth $376,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UAA. Hexagon Capital Partners LLC increased its position in shares of Under Armour by 101.1% during the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after buying an additional 1,890 shares during the period. Optas LLC purchased a new position in shares of Under Armour during the 2nd quarter valued at $72,000. Koss Olinger Consulting LLC purchased a new stake in shares of Under Armour during the 2nd quarter valued at approximately $79,000. DekaBank Deutsche Girozentrale purchased a new stake in Under Armour during the 2nd quarter worth about $80,000. Finally, Qsemble Capital Management LP purchased a new position in Under Armour during the second quarter valued at approximately $93,000. 34.58% of the stock is currently owned by institutional investors.

Under Armour Stock Down 0.6 %

Shares of NYSE UAA opened at $8.36 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. The company has a market capitalization of $3.65 billion, a P/E ratio of 15.48, a P/E/G ratio of 4.27 and a beta of 1.66. The company has a 50 day simple moving average of $7.96 and a 200-day simple moving average of $7.21. Under Armour, Inc. has a 1 year low of $6.17 and a 1 year high of $9.50.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on UAA. Morgan Stanley lowered Under Armour from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $8.00 to $4.00 in a research note on Tuesday, July 23rd. 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. Argus raised shares of Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Truist Financial raised their price objective on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus raised their price objective on Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.57.

Under Armour Company 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.