25,500 Shares in Under Armour, Inc. (UAA) Acquired by Bayesian Capital Management LP
Bayesian Capital Management LP purchased a new position in Under Armour, Inc. (NYSE:UAA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,500 shares of the company’s stock, valued at approximately $555,000.
Other hedge funds have also bought and sold shares of the company. Aviva PLC bought a new position in Under Armour in the 2nd quarter worth approximately $2,486,000. State of Tennessee Treasury Department purchased a new stake in shares of Under Armour during the 2nd quarter worth approximately $4,363,000. Chilton Investment Co. LLC purchased a new stake in shares of Under Armour during the 2nd quarter worth approximately $18,697,000. BKS Advisors LLC purchased a new stake in shares of Under Armour during the 2nd quarter worth approximately $1,224,000. Finally, Regal Investment Advisors LLC purchased a new stake in shares of Under Armour during the 2nd quarter worth approximately $730,000. Institutional investors and hedge funds own 30.48% of the company’s stock.
Shares of Under Armour, Inc. (NYSE:UAA) traded up 0.12% during midday trading on Friday, reaching $16.48. The company had a trading volume of 3,500,441 shares. The company’s 50 day moving average price is $17.60 and its 200-day moving average price is $19.55. The company has a market capitalization of $7.27 billion, a P/E ratio of 33.36 and a beta of -0.04. Under Armour, Inc. has a 52 week low of $15.92 and a 52 week high of $40.14.
Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities research analysts predict that Under Armour, Inc. will post $0.38 earnings per share for the current fiscal year.
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Several analysts have recently issued reports on the company. Wedbush reaffirmed a “neutral” rating and set a $17.00 price objective (down from $18.00) on shares of Under Armour in a report on Tuesday, August 8th. Vetr cut Under Armour from a “sell” rating to a “strong sell” rating and set a $16.68 price objective on the stock. in a report on Wednesday, August 9th. Zacks Investment Research cut Under Armour from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $18.00 price objective (down from $21.00) on shares of Under Armour in a report on Tuesday, August 8th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $28.00 price objective on shares of Under Armour in a report on Friday, August 11th. Thirteen research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.12.
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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