Tobam Buys New Position in Under Armour, Inc. (UA)
Tobam purchased a new stake in shares of Under Armour, Inc. (NYSE:UA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 270,734 shares of the company’s stock, valued at approximately $5,355,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sii Investments Inc. WI boosted its stake in shares of Under Armour by 66.8% in the fourth quarter. Sii Investments Inc. WI now owns 17,070 shares of the company’s stock worth $493,000 after buying an additional 6,838 shares in the last quarter. Frontier Wealth Management LLC boosted its stake in shares of Under Armour by 49.1% in the fourth quarter. Frontier Wealth Management LLC now owns 51,759 shares of the company’s stock worth $1,303,000 after buying an additional 17,040 shares in the last quarter. Stonehill Capital Management LLC purchased a new stake in Under Armour during the fourth quarter worth about $2,240,000. GenTrust LLC purchased a new stake in Under Armour during the fourth quarter worth about $372,000. Finally, Thornburg Investment Management Inc. boosted its stake in Under Armour by 10.0% in the fourth quarter. Thornburg Investment Management Inc. now owns 336,946 shares of the company’s stock worth $9,788,000 after buying an additional 30,722 shares during the period. 56.27% of the stock is currently owned by institutional investors.
Under Armour, Inc. (NYSE UA) opened at 19.68 on Monday. The firm has a 50-day moving average of $18.97 and a 200-day moving average of $20.87. The company has a market capitalization of $8.67 billion, a PE ratio of 49.70 and a beta of 1.30. Under Armour, Inc. has a 52 week low of $17.05 and a 52 week high of $42.94.
Under Armour (NYSE:UA) last issued its earnings results on Thursday, April 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.20 billion. Under Armour had a net margin of 4.84% and a return on equity of 12.43%. Equities analysts expect that Under Armour, Inc. will post $0.42 earnings per share for the current fiscal year.
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A number of equities research analysts have issued reports on UA shares. Jefferies Group LLC restated a “buy” rating and set a $27.00 price target on shares of Under Armour in a report on Wednesday, April 5th. Vetr cut shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $20.30 target price for the company. in a research note on Monday, March 27th. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Saturday, April 29th. Berenberg Bank assumed coverage on shares of Under Armour in a research report on Tuesday, May 16th. They issued a “hold” rating and a $20.00 price target for the company. Finally, Wells Fargo & Company reissued a “market weight” rating and issued a $17.00 price target on shares of Under Armour in a research report on Wednesday, March 8th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $20.06.
In other Under Armour news, insider Kerry D. Chandler sold 5,965 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $19.79, for a total value of $118,047.35. Following the transaction, the insider now directly owns 114,108 shares of the company’s stock, valued at $2,258,197.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A B. Krongard sold 4,717 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $19.70, for a total transaction of $92,924.90. Following the completion of the transaction, the director now directly owns 73,939 shares in the company, valued at $1,456,598.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,399 shares of company stock worth $304,605.
Under Armour Company Profile
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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