Baillie Gifford & Co. Lowers Holdings in Under Armour, Inc. (UA)
Baillie Gifford & Co. decreased its position in shares of Under Armour, Inc. (NYSE:UA) by 86.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,754,002 shares of the company’s stock after selling 17,736,158 shares during the period. Baillie Gifford & Co. owned approximately 0.63% of Under Armour worth $55,521,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. South Dakota Investment Council increased its holdings in shares of Under Armour by 135.3% in the second quarter. South Dakota Investment Council now owns 157,400 shares of the company’s stock worth $3,173,000 after buying an additional 90,500 shares during the period. Vivaldi Asset Management LLC purchased a new position in shares of Under Armour in the second quarter worth about $6,758,000. MUFG Securities EMEA plc increased its holdings in shares of Under Armour by 718.8% in the second quarter. MUFG Securities EMEA plc now owns 30,938 shares of the company’s stock worth $624,000 after buying an additional 35,938 shares during the period. Delta Lloyd Asset Management N.V. purchased a new position in shares of Under Armour in the second quarter worth about $218,000. Finally, Contrarius Investment Management Ltd purchased a new position in shares of Under Armour in the second quarter worth about $17,656,000. Institutional investors and hedge funds own 31.01% of the company’s stock.
Shares of Under Armour, Inc. (UA) traded up 1.0819% during mid-day trading on Monday, hitting $16.2944. The stock had a trading volume of 312,522 shares. Under Armour, Inc. has a 52-week low of $14.98 and a 52-week high of $34.99. The company’s 50 day moving average is $16.47 and its 200-day moving average is $18.18. The stock has a market cap of $7.19 billion, a P/E ratio of 32.9846 and a beta of 1.08.
Under Armour (NYSE:UA) last released its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.04. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. The firm had revenue of $1.09 billion for the quarter. On average, equities research analysts anticipate that Under Armour, Inc. will post $0.38 earnings per share for the current fiscal year.
Several research analysts have recently commented on UA shares. Vetr upgraded Under Armour from a “buy” rating to a “strong-buy” rating and set a $21.15 price objective on the stock in a report on Monday, May 15th. Jefferies Group LLC reissued a “buy” rating and issued a $28.00 target price on shares of Under Armour in a research note on Thursday. BidaskClub cut Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Under Armour in a research note on Monday, June 26th. Finally, Wells Fargo & Company set a $19.00 target price on Under Armour and gave the stock a “hold” rating in a research note on Thursday, June 8th. Eight research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Under Armour has a consensus rating of “Hold” and an average target price of $18.87.
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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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