China Universal Asset Management Co. Ltd. Buys New Shares in Under Armour, Inc. (NYSE:UAA)

China Universal Asset Management Co. Ltd. bought a new stake in Under Armour, Inc. (NYSE:UAA) during the third quarter, HoldingsChannel reports. The firm bought 64,600 shares of the company’s stock, valued at approximately $576,000.

A number of other institutional investors have also recently bought and sold shares of UAA. Hexagon Capital Partners LLC increased its position in Under Armour by 101.1% during the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after buying an additional 1,890 shares during the last quarter. Principal Financial Group Inc. increased its position in Under Armour by 2.5% during the first quarter. Principal Financial Group Inc. now owns 710,936 shares of the company’s stock worth $5,247,000 after buying an additional 17,641 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Under Armour by 24.0% during the first quarter. Commonwealth Equity Services LLC now owns 89,941 shares of the company’s stock worth $664,000 after buying an additional 17,399 shares during the last quarter. Texas Permanent School Fund Corp increased its position in Under Armour by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock worth $1,216,000 after buying an additional 1,746 shares during the last quarter. Finally, Duality Advisers LP increased its position in Under Armour by 386.0% during the first quarter. Duality Advisers LP now owns 100,280 shares of the company’s stock worth $740,000 after buying an additional 79,646 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Wall Street Analyst Weigh In

UAA has been the topic of a number of recent analyst reports. Barclays boosted their price target on Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. BMO Capital Markets boosted their price objective on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price objective on shares of Under Armour in a report on Monday, August 5th. Stifel Nicolaus boosted their price objective on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Argus upgraded Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.87.

Under Armour Trading Down 0.1 %

Shares of UAA stock opened at $8.72 on Wednesday. The stock’s fifty day moving average price is $8.32 and its two-hundred day moving average price is $7.38. The company has a market cap of $3.77 billion, a PE ratio of -48.44, a P/E/G ratio of 4.20 and a beta of 1.66. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $9.58. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73.

Under Armour (NYSE:UAA) last issued its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The company’s revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. Equities analysts predict that Under Armour, Inc. will post 0.21 EPS for the current fiscal year.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.