Koshinski Asset Management Inc. Trims Position in Under Armour Inc (NYSE:UAA)

Koshinski Asset Management Inc. lowered its position in Under Armour Inc (NYSE:UAA) by 18.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,577 shares of the company’s stock after selling 2,000 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Under Armour were worth $217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC boosted its stake in shares of Under Armour by 38.7% during the 4th quarter. FMR LLC now owns 4,947,846 shares of the company’s stock valued at $87,429,000 after purchasing an additional 1,381,276 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in Under Armour by 25.0% during the first quarter. Artisan Partners Limited Partnership now owns 3,241,969 shares of the company’s stock worth $68,535,000 after acquiring an additional 649,166 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its holdings in Under Armour by 50.8% in the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,988,920 shares of the company’s stock worth $63,185,000 after buying an additional 1,007,159 shares during the last quarter. Geode Capital Management LLC raised its holdings in Under Armour by 10.5% in the fourth quarter. Geode Capital Management LLC now owns 2,412,785 shares of the company’s stock worth $42,551,000 after buying an additional 228,475 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Under Armour by 0.5% during the first quarter. Parametric Portfolio Associates LLC now owns 988,645 shares of the company’s stock valued at $20,900,000 after purchasing an additional 5,181 shares during the last quarter. Hedge funds and other institutional investors own 37.29% of the company’s stock.

Several research firms have recently weighed in on UAA. ValuEngine cut shares of Under Armour from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised shares of Under Armour from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $23.00 to $29.00 in a report on Friday, May 17th. Pivotal Research reissued a “hold” rating and set a $25.00 price objective (up from $23.00) on shares of Under Armour in a report on Wednesday, July 24th. Credit Suisse Group reissued a “neutral” rating and set a $26.00 price objective on shares of Under Armour in a report on Tuesday, April 30th. Finally, Wells Fargo & Co boosted their price objective on shares of Under Armour from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Thursday, June 13th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Under Armour has an average rating of “Hold” and a consensus price target of $24.47.

UAA opened at $18.51 on Friday. The firm has a market cap of $8.96 billion, a P/E ratio of 68.56, a PEG ratio of 2.17 and a beta of 0.51. Under Armour Inc has a 1-year low of $16.52 and a 1-year high of $27.72. The company has a 50 day simple moving average of $24.62 and a two-hundred day simple moving average of $23.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.83 and a quick ratio of 1.11.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Tuesday, July 30th. The company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. Under Armour had a net margin of 1.62% and a return on equity of 7.86%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) earnings per share. Equities analysts anticipate that Under Armour Inc will post 0.34 earnings per share for the current year.

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

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