State Board of Administration of Florida Retirement System lessened its holdings in Under Armour Inc (NYSE:UA) by 0.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,507 shares of the company’s stock after selling 1,050 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.06% of Under Armour worth $5,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. Triangle Securities Wealth Management bought a new stake in shares of Under Armour in the 1st quarter worth approximately $1,280,000. Focused Wealth Management Inc grew its position in shares of Under Armour by 495.7% in the 4th quarter. Focused Wealth Management Inc now owns 1,551 shares of the company’s stock worth $25,000 after buying an additional 1,943 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Under Armour by 54.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,935 shares of the company’s stock worth $31,000 after buying an additional 679 shares during the last quarter. Enlightenment Research LLC bought a new stake in shares of Under Armour in the 4th quarter worth approximately $34,000. Finally, Rehmann Capital Advisory Group grew its position in shares of Under Armour by 152.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,188 shares of the company’s stock worth $37,000 after buying an additional 1,322 shares during the last quarter. Institutional investors own 32.37% of the company’s stock.
Shares of UA stock traded up $0.36 during mid-day trading on Friday, hitting $23.85. The company’s stock had a trading volume of 1,608,749 shares, compared to its average volume of 2,431,359. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.02 and a quick ratio of 1.22. Under Armour Inc has a 52-week low of $15.05 and a 52-week high of $23.91. The stock has a market capitalization of $10.60 billion, a P/E ratio of 88.33 and a beta of 0.89.
A number of equities research analysts have recently weighed in on the company. Pivotal Research reiterated a “hold” rating and issued a $23.00 price objective on shares of Under Armour in a research report on Tuesday, April 30th. JPMorgan Chase & Co. upgraded Under Armour from a “neutral” rating to an “overweight” rating and raised their target price for the company from $23.00 to $29.00 in a research note on Friday, May 17th. ValuEngine cut Under Armour from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Canaccord Genuity set a $13.00 target price on Under Armour and gave the company a “sell” rating in a research note on Tuesday, March 19th. Finally, B. Riley set a $12.00 target price on Under Armour and gave the company a “sell” rating in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.50.
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Under Armour Company 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 and cold.
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