Lincoln National Corp raised its holdings in Under Armour Inc (NYSE:UAA) by 30.3% in the 3rd quarter, Holdings Channel reports. The fund owned 12,563 shares of the company’s stock after acquiring an additional 2,922 shares during the period. Lincoln National Corp’s holdings in Under Armour were worth $267,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Stone Ridge Asset Management LLC raised its holdings in Under Armour by 39.1% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 52,325 shares of the company’s stock valued at $1,110,000 after acquiring an additional 14,700 shares during the last quarter. RPG Investment Advisory LLC raised its holdings in Under Armour by 41.3% in the 3rd quarter. RPG Investment Advisory LLC now owns 236,114 shares of the company’s stock valued at $5,010,000 after acquiring an additional 68,983 shares during the last quarter. Goodman Financial Corp raised its holdings in Under Armour by 4.3% in the 3rd quarter. Goodman Financial Corp now owns 295,245 shares of the company’s stock valued at $6,265,000 after acquiring an additional 12,040 shares during the last quarter. Sterling Capital Management LLC raised its holdings in Under Armour by 130.9% in the 3rd quarter. Sterling Capital Management LLC now owns 69,658 shares of the company’s stock valued at $1,478,000 after acquiring an additional 39,495 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Under Armour in the 3rd quarter valued at $210,000. Institutional investors own 36.84% of the company’s stock.

Shares of Under Armour stock opened at $22.39 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.09. Under Armour Inc has a twelve month low of $12.15 and a twelve month high of $24.69. The firm has a market cap of $10.13 billion, a P/E ratio of 117.84, a price-to-earnings-growth ratio of 5.04 and a beta of -0.45.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.13. Under Armour had a negative net margin of 2.68% and a positive return on equity of 3.96%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the company earned $0.22 EPS. The firm’s revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts expect that Under Armour Inc will post 0.22 earnings per share for the current year.

Several research analysts have weighed in on the company. Piper Jaffray Companies upgraded Under Armour from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $20.00 to $32.00 in a report on Monday, November 5th. Stifel Nicolaus upped their price objective on Under Armour from $27.00 to $30.00 and gave the stock a “sell” rating in a report on Monday, November 5th. Canaccord Genuity upped their price objective on Under Armour from $12.00 to $13.00 and gave the stock a “sell” rating in a report on Wednesday, October 31st. ValuEngine upgraded Under Armour from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Finally, Pivotal Research upped their price objective on Under Armour from $20.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, October 31st. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.26.

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Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.

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Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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