Wealthfront Advisers LLC Reduces Holdings in Under Armour Inc (NYSE:UAA)

Wealthfront Advisers LLC trimmed its position in shares of Under Armour Inc (NYSE:UAA) by 54.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,248 shares of the company’s stock after selling 12,107 shares during the quarter. Wealthfront Advisers LLC’s holdings in Under Armour were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nuveen Asset Management LLC purchased a new stake in shares of Under Armour during the second quarter valued at $110,113,000. Parametric Portfolio Associates LLC boosted its stake in shares of Under Armour by 3.3% during the second quarter. Parametric Portfolio Associates LLC now owns 1,021,390 shares of the company’s stock valued at $25,892,000 after purchasing an additional 32,745 shares during the period. Private Advisor Group LLC boosted its stake in shares of Under Armour by 27.3% during the second quarter. Private Advisor Group LLC now owns 69,924 shares of the company’s stock valued at $1,772,000 after purchasing an additional 14,988 shares during the period. Legacy Financial Strategies LLC purchased a new stake in shares of Under Armour during the second quarter valued at $238,000. Finally, Point72 Asset Management L.P. boosted its stake in shares of Under Armour by 4.8% during the second quarter. Point72 Asset Management L.P. now owns 508,595 shares of the company’s stock valued at $12,893,000 after purchasing an additional 23,326 shares during the period. 38.48% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on UAA shares. ValuEngine lowered shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Pivotal Research reaffirmed a “hold” rating and issued a $25.00 price objective (up from $23.00) on shares of Under Armour in a research note on Wednesday, July 24th. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Monday, October 14th. UBS Group lowered their price objective on shares of Under Armour from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, September 9th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $25.00 price objective (up from $22.00) on shares of Under Armour in a research note on Thursday, July 25th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.06.

NYSE:UAA traded down $0.83 during mid-day trading on Friday, reaching $19.69. The company’s stock had a trading volume of 4,087,258 shares, compared to its average volume of 3,081,853. Under Armour Inc has a 1 year low of $16.52 and a 1 year high of $27.72. The stock has a fifty day moving average of $19.79 and a 200-day moving average of $22.47. The firm has a market capitalization of $9.26 billion, a PE ratio of 72.93, a price-to-earnings-growth ratio of 2.19 and a beta of 0.59. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 0.58.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, July 30th. The company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. Under Armour had a net margin of 1.62% and a return on equity of 7.86%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) earnings per share. On average, analysts expect that Under Armour Inc will post 0.34 earnings per share for the current year.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

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Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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