Pictet Asset Management Ltd. lifted its stake in Under Armour Inc (NYSE:UA) by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,875 shares of the company’s stock after acquiring an additional 4,333 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Under Armour were worth $907,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aperio Group LLC increased its holdings in Under Armour by 2.0% in the 2nd quarter. Aperio Group LLC now owns 26,317 shares of the company’s stock worth $584,000 after acquiring an additional 513 shares in the last quarter. Sentry Investment Management LLC lifted its holdings in shares of Under Armour by 5.5% during the first quarter. Sentry Investment Management LLC now owns 10,863 shares of the company’s stock worth $205,000 after purchasing an additional 570 shares during the period. PFG Advisors lifted its holdings in shares of Under Armour by 2.5% during the first quarter. PFG Advisors now owns 27,400 shares of the company’s stock worth $568,000 after purchasing an additional 660 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in shares of Under Armour by 5.0% during the second quarter. Great Valley Advisor Group Inc. now owns 15,799 shares of the company’s stock worth $351,000 after purchasing an additional 753 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Under Armour by 7.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,256 shares of the company’s stock worth $212,000 after purchasing an additional 763 shares during the period. 33.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:UA traded down $0.49 during trading on Thursday, hitting $18.40. The company’s stock had a trading volume of 82,879 shares, compared to its average volume of 1,845,784. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.11 and a current ratio of 1.83. Under Armour Inc has a fifty-two week low of $15.05 and a fifty-two week high of $24.55. The stock’s 50-day moving average price is $17.83 and its two-hundred day moving average price is $20.26. The company has a market capitalization of $8.37 billion, a PE ratio of 54.34 and a beta of 1.04.
A number of research firms recently commented on UA. Pivotal Research reaffirmed a “hold” rating and set a $25.00 target price on shares of Under Armour in a report on Wednesday, July 24th. Stifel Nicolaus set a $30.00 target price on Under Armour and gave the company a “buy” rating in a report on Friday, July 19th. Sanford C. Bernstein upgraded Under Armour from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 3rd. Piper Jaffray Companies set a $30.00 target price on Under Armour and gave the company a “buy” rating in a report on Monday, June 24th. Finally, Evercore ISI reiterated a “buy” rating and issued a $33.00 target price on shares of Under Armour in a report on Sunday, August 11th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.91.
In related news, insider Kevin Eskridge sold 56,500 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $17.69, for a total value of $999,485.00. Following the completion of the sale, the insider now directly owns 196,374 shares of the company’s stock, valued at $3,473,856.06. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 15.90% of the stock is owned by insiders.
About Under Armour
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 and cold.
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