Webster Bank N. A. Acquires New Position in Under Armour, Inc. (NYSE:UAA)
Webster Bank N. A. bought a new position in Under Armour, Inc. (NYSE:UAA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,957 shares of the company’s stock, valued at approximately $282,000.
A number of other institutional investors have also recently modified their holdings of UAA. Fulton Bank N.A. purchased a new position in shares of Under Armour during the second quarter worth about $307,000. Bank of The West purchased a new position in shares of Under Armour during the second quarter worth about $309,000. Carlton Hofferkamp & Jenks Wealth Management LLC bought a new position in Under Armour during the second quarter worth $312,000. Capstone Asset Management Co. bought a new position in Under Armour during the second quarter worth $330,000. Finally, DnB Asset Management AS bought a new position in Under Armour during the second quarter worth $405,000. Institutional investors own 29.43% of the company’s stock.
Under Armour, Inc. (UAA) opened at 18.39 on Monday. The firm has a 50-day moving average of $20.76 and a 200 day moving average of $21.02. The firm has a market cap of $8.10 billion, a P/E ratio of 37.23 and a beta of -0.07. Under Armour, Inc. has a 1-year low of $18.01 and a 1-year high of $43.85.
Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, analysts predict that Under Armour, Inc. will post $0.38 EPS for the current year.
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A number of equities analysts have weighed in on UAA shares. Wedbush started coverage on Under Armour in a research note on Tuesday, April 11th. They set a “neutral” rating and a $18.00 price objective for the company. Nomura reduced their price objective on Under Armour from $15.00 to $13.00 and set a “reduce” rating for the company in a research note on Wednesday, August 2nd. Credit Suisse Group reiterated an “underperform” rating and set a $17.00 price objective on shares of Under Armour in a research note on Friday, June 16th. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 price objective on shares of Under Armour in a research note on Wednesday, June 21st. Finally, Citigroup Inc. cut Under Armour from a “buy” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $21.00 in a research report on Wednesday, August 2nd. Thirteen analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.32.
In other Under Armour news, insider Kerry D. Chandler sold 5,921 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $21.38, for a total value of $126,590.98. Following the completion of the sale, the insider now directly owns 12,803 shares of the company’s stock, valued at $273,728.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A B. Krongard sold 4,799 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $21.33, for a total transaction of $102,362.67. Following the completion of the sale, the director now owns 116,297 shares of the company’s stock, valued at $2,480,615.01. The disclosure for this sale can be found here. Insiders sold 15,519 shares of company stock valued at $331,652 over the last three months. Insiders own 16.40% of the company’s stock.
About Under Armour
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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