44,500 Shares in Under Armour, Inc. (NYSE:UAA) Bought by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC acquired a new position in Under Armour, Inc. (NYSE:UAA) during the fourth quarter, Holdings Channel reports. The firm acquired 44,500 shares of the company’s stock, valued at approximately $391,000. Under Armour makes up approximately 2.9% of Cannon Global Investment Management LLC’s portfolio, making the stock its 15th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Keener Financial Planning LLC bought a new position in Under Armour in the fourth quarter valued at $26,000. Signaturefd LLC increased its stake in Under Armour by 119.2% in the third quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock valued at $28,000 after acquiring an additional 2,224 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Under Armour in the fourth quarter valued at $30,000. Quarry LP bought a new position in Under Armour in the first quarter valued at $32,000. Finally, Captrust Financial Advisors increased its stake in Under Armour by 34.9% in the second quarter. Captrust Financial Advisors now owns 6,973 shares of the company’s stock valued at $58,000 after acquiring an additional 1,805 shares during the last quarter. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UAA shares. Williams Trading reissued a “hold” rating and issued a $8.00 target price on shares of Under Armour in a research note on Thursday, March 14th. Evercore ISI reaffirmed an “underperform” rating and set a $7.00 price objective (down from $8.00) on shares of Under Armour in a research note on Thursday, March 14th. BNP Paribas reaffirmed a “neutral” rating on shares of Under Armour in a research note on Thursday, March 14th. TheStreet raised Under Armour from a “d+” rating to a “c-” rating in a research note on Thursday, February 8th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $9.00 price objective on shares of Under Armour in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.65.

Under Armour Stock Up 1.7 %

Shares of UAA stock traded up $0.11 during trading hours on Friday, hitting $6.72. 1,500,369 shares of the company’s stock traded hands, compared to its average volume of 7,056,355. The stock’s fifty day simple moving average is $7.68 and its two-hundred day simple moving average is $7.73. Under Armour, Inc. has a 12-month low of $6.29 and a 12-month high of $9.50. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.12 and a beta of 1.64. The company has a quick ratio of 1.38, a current ratio of 2.13 and a debt-to-equity ratio of 0.27.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, February 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $0.16 earnings per share. The business’s revenue was down 6.1% on a year-over-year basis. On average, analysts expect that Under Armour, Inc. will post 0.52 EPS for the current year.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.