Sumitomo Mitsui Trust Holdings Inc. Purchases Shares of 509,102 Under Armour, Inc. (UAA)
Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Under Armour, Inc. (NYSE:UAA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 509,102 shares of the company’s stock, valued at approximately $11,078,000. Sumitomo Mitsui Trust Holdings Inc. owned 0.12% of Under Armour as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of UAA. Nomura Asset Management Co. Ltd. bought a new position in Under Armour during the first quarter valued at about $405,000. Private Asset Management Inc. bought a new position in Under Armour during the second quarter valued at about $923,000. DnB Asset Management AS bought a new position in Under Armour during the second quarter valued at about $405,000. Xact Kapitalforvaltning AB bought a new position in Under Armour during the second quarter valued at about $474,000. Finally, Burns J W & Co. Inc. NY bought a new position in Under Armour during the second quarter valued at about $480,000. Hedge funds and other institutional investors own 30.53% of the company’s stock.
A number of equities research analysts have weighed in on the company. Susquehanna Bancshares Inc lifted their price objective on Under Armour from $14.00 to $17.00 in a report on Friday, July 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $28.00 price objective on shares of Under Armour in a report on Wednesday, June 21st. Vetr raised Under Armour from a “hold” rating to a “buy” rating and set a $23.24 price objective on the stock in a report on Thursday, June 15th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, July 4th. Finally, Morgan Stanley decreased their price objective on Under Armour from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, August 7th. Eleven investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.65.
Shares of Under Armour, Inc. (NYSE UAA) opened at 16.37 on Monday. The company has a 50 day moving average of $18.51 and a 200-day moving average of $19.89. The company has a market cap of $7.22 billion, a PE ratio of 33.14 and a beta of -0.04. Under Armour, Inc. has a 52-week low of $15.92 and a 52-week high of $40.15.
Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. Analysts forecast that Under Armour, Inc. will post $0.38 EPS for the current fiscal year.
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Under Armour 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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