City State Bank Purchases 7,500 Shares of Under Armour, Inc. (NYSE:UAA)

City State Bank boosted its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 292.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,063 shares of the company’s stock after acquiring an additional 7,500 shares during the period. City State Bank’s holdings in Under Armour were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after acquiring an additional 1,409 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Under Armour by 21.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 52,700 shares of the company’s stock worth $470,000 after purchasing an additional 9,200 shares during the period. Wright Investors Service Inc. bought a new position in Under Armour during the 3rd quarter worth about $304,000. SG Americas Securities LLC raised its stake in shares of Under Armour by 54.1% in the 3rd quarter. SG Americas Securities LLC now owns 115,383 shares of the company’s stock valued at $1,028,000 after purchasing an additional 40,521 shares during the period. Finally, Maven Securities LTD lifted its holdings in shares of Under Armour by 11.8% in the second quarter. Maven Securities LTD now owns 1,341,798 shares of the company’s stock valued at $8,950,000 after purchasing an additional 141,556 shares in the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Argus raised Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price objective on shares of Under Armour in a research report on Monday, August 5th. Wedbush raised their target price on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research report on Friday, August 9th. Morgan Stanley cut shares of Under Armour from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $8.00 to $4.00 in a research report on Tuesday, July 23rd. Finally, BMO Capital Markets raised their price objective on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.57.

Under Armour Trading Down 0.6 %

Shares of Under Armour stock opened at $8.31 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. The business has a fifty day simple moving average of $7.99 and a two-hundred day simple moving average of $7.22. Under Armour, Inc. has a 1 year low of $6.17 and a 1 year high of $9.50. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 4.07 and a beta of 1.66.

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

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.