DekaBank Deutsche Girozentrale Makes New $80,000 Investment in Under Armour, Inc. (NYSE:UAA)

DekaBank Deutsche Girozentrale purchased a new stake in Under Armour, Inc. (NYSE:UAA) during the 2nd quarter, HoldingsChannel reports. The fund purchased 12,053 shares of the company’s stock, valued at approximately $80,000.

A number of other institutional investors also recently modified their holdings of the business. Hexagon Capital Partners LLC raised its holdings in Under Armour by 101.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after acquiring an additional 1,890 shares during the period. Optas LLC purchased a new position in shares of Under Armour in the second quarter valued at $72,000. Koss Olinger Consulting LLC purchased a new stake in Under Armour during the 2nd quarter worth about $79,000. Qsemble Capital Management LP bought a new position in Under Armour in the 2nd quarter worth about $93,000. Finally, KG&L Capital Management LLC purchased a new position in Under Armour during the 1st quarter valued at about $98,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on UAA shares. Telsey Advisory Group restated 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 boosted their price target 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. Truist Financial increased their price objective on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Morgan Stanley cut Under Armour from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $8.00 to $4.00 in a research report on Tuesday, July 23rd. Finally, Barclays raised their price target on Under Armour from $6.00 to $8.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Under Armour currently has a consensus rating of “Hold” and an average price target of $7.57.

Under Armour Stock Up 0.8 %

Shares of NYSE:UAA opened at $7.99 on Friday. The stock has a market capitalization of $3.49 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 3.83 and a beta of 1.65. The stock’s 50-day moving average price is $7.46 and its 200-day moving average price is $7.13. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $9.50.

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

Under Armour Company 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.