Northwestern Mutual Wealth Management Co. Buys Shares of 22,512 Under Armour, Inc. (UAA)
Northwestern Mutual Wealth Management Co. bought a new position in Under Armour, Inc. (NYSE:UAA) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 22,512 shares of the company’s stock, valued at approximately $490,000.
Other large investors also recently bought and sold shares of the company. Cornerstone Advisors Inc. purchased a new stake in shares of Under Armour in the 2nd quarter worth about $124,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Under Armour in the 2nd quarter worth about $129,000. Global X Management Co. LLC purchased a new stake in shares of Under Armour in the 2nd quarter worth about $134,000. Armor Investment Advisors LLC purchased a new stake in shares of Under Armour in the 2nd quarter worth about $134,000. Finally, Hudock Capital Group LLC purchased a new stake in shares of Under Armour in the 2nd quarter worth about $134,000. 30.53% of the stock is owned by hedge funds and other institutional investors.
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UAA has been the subject of several research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $28.00 target price on shares of Under Armour in a research report on Friday, May 19th. Vetr cut shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $21.56 target price for the company. in a research report on Monday, May 22nd. ValuEngine cut shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $19.00 target price on shares of Under Armour in a research report on Friday, June 9th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a $17.00 target price on shares of Under Armour in a research report on Friday, June 16th. Thirteen investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $22.37.
Under Armour, Inc. (NYSE UAA) opened at 17.79 on Friday. The stock has a market cap of $7.85 billion, a P/E ratio of 36.01 and a beta of -0.04. The firm’s 50-day moving average is $17.75 and its 200 day moving average is $19.61. Under Armour, Inc. has a one year low of $15.92 and a one year high of $40.14.
Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The company had revenue of $1.09 billion for 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 company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts anticipate that Under Armour, Inc. will post $0.38 EPS for the current fiscal year.
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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