Sigma Planning Corp Sells 10,193 Shares of Under Armour, Inc. (UAA)
Sigma Planning Corp reduced its holdings in Under Armour, Inc. (NYSE:UAA) by 34.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,991 shares of the company’s stock after selling 10,193 shares during the quarter. Sigma Planning Corp’s holdings in Under Armour were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in UAA. D.A. Davidson & CO. acquired a new position in Under Armour in the second quarter valued at $118,000. Cornerstone Advisors Inc. acquired a new position in Under Armour in the second quarter valued at $124,000. Municipal Employees Retirement System of Michigan acquired a new position in Under Armour in the second quarter valued at $129,000. WFG Advisors LP acquired a new position in Under Armour in the second quarter valued at $132,000. Finally, Global X Management Co. LLC acquired a new position in Under Armour in the second quarter valued at $134,000. Hedge funds and other institutional investors own 30.35% of the company’s stock.
Several equities analysts recently commented on UAA shares. Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 target price on shares of Under Armour in a research note on Thursday, September 7th. Wells Fargo & Company reiterated a “market perform” rating and issued a $17.00 target price on shares of Under Armour in a research note on Wednesday, August 2nd. Sanford C. Bernstein started coverage on Under Armour in a research note on Tuesday, September 12th. They issued an “underperform” rating and a $14.00 target price for the company. Piper Jaffray Companies dropped their target price on Under Armour from $17.00 to $14.00 and set an “average” rating for the company in a research note on Wednesday, October 11th. Finally, UBS AG upgraded Under Armour to a “neutral” rating in a research note on Tuesday, November 7th. Eighteen investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.04.
Under Armour, Inc. (NYSE:UAA) traded up $0.35 on Friday, reaching $12.76. The company had a trading volume of 5,012,200 shares, compared to its average volume of 5,586,354. Under Armour, Inc. has a 12-month low of $11.40 and a 12-month high of $33.45. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The firm has a market cap of $5,440.00, a PE ratio of 30.27, a P/E/G ratio of 3.67 and a beta of 0.03.
Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Under Armour’s quarterly revenue was down 4.5% on a year-over-year basis. equities analysts predict that Under Armour, Inc. will post 0.2 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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