Shares of Under Armour dropped almost 3% the following day as a result. Institutional investors own 30.53% of the company’s stock.
Roffman Miller Associates Inc, which manages about $833.24 million and $662.89M US Long portfolio, upped its stake in Under Armour Class C by 201,368 shares to 417,781 shares, valued at $10.52M in 2016Q4, according to the filing. WCM Investment Management CA now owns 1,368,431 shares of the company’s stock worth $27,588,000 after purchasing an additional 223,415 shares in the last quarter. About shares traded. Under Armour Inc (UAA) has declined 48.99% since September 13, 2016 and is downtrending. Great West Life Assurance Co. Finally, Grandeur Peak Global Advisors LLC boosted its holdings in shares of Under Armour by 2.8% during the 1st quarter. CWM LLC now owns 29,107 shares of the company’s stock valued at $587,000 after purchasing an additional 392 shares in the last quarter. Quantitative Investment Management LLC bought a new stake in shares of Under Armour in the 1st quarter worth $8,594,000. Tobam’s holdings in Under Armour were worth $1,522,000 as of its most recent SEC filing. National Planning Corp now owns 13,589 shares of the company’s stock valued at $279,000 after acquiring an additional 423 shares during the last quarter.
Other large investors also recently added to or reduced their stakes in the company.
UAA has been the subject of a number of other research reports. Vetr lowered Under Armour from a “hold” rating to a “sell” rating and set a $16.78 price objective for the company.in a report on Thursday, September 7th. Jefferies Group LLC set a $28.00 price objective on Under Armour and gave the stock a “buy” rating in a research note on Monday, July 31st. The stock of Under Armour Inc (NYSE:UA) has “Buy” rating given on Monday, June 20 by Buckingham Research. The stock of Under Armour Inc (NYSE:UAA) earned “Sell” rating by Deutsche Bank on Tuesday, July 25. The firm set Underperform rating on the stock. Nine investment analysts have rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock of Under Armour Inc (NYSE:UA) has “Hold” rating given on Wednesday, August 2 by Citigroup. Under Armour, Inc. has a 12 month low of $14.98 and a 12 month high of $34.94. (NYSE:UA) opened at 16.25 on Wednesday. The company has market cap of $7.49 billion.
Under Armour (NYSE:UA) last announced its quarterly earnings results on Tuesday, August 1st. The apparel retailer reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.02. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. On average, equities research analysts forecast that Under Armour will post $0.38 EPS for the current year.
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More specifically on the former, last month investors endured bad earnings reports from Foot Locker, The Finish Line, and Dick’s Sporting Goods, signaling deeper pain in the retail industry on which performance apparel and athletic footwear companies like Under Armour rely.