Aaron Wealth Advisors LLC Buys Shares of 27,025 Under Armour, Inc. (NYSE:UAA)

Aaron Wealth Advisors LLC purchased a new position in Under Armour, Inc. (NYSE:UAA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 27,025 shares of the company’s stock, valued at approximately $241,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Under Armour by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock worth $134,665,000 after acquiring an additional 173,817 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Under Armour by 12.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after purchasing an additional 1,051,143 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in Under Armour by 1.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after buying an additional 70,731 shares during the last quarter. Janus Henderson Group PLC increased its position in Under Armour by 27.2% in the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock worth $28,712,000 after buying an additional 831,202 shares during the period. Finally, Maven Securities LTD lifted its stake in 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 buying an additional 141,556 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wedbush increased their price objective on shares of Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a report on Friday, August 9th. Barclays lifted 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. BMO Capital Markets increased 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. Argus raised Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Morgan Stanley cut Under Armour from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $8.00 to $4.00 in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.57.

Under Armour Price Performance

NYSE UAA opened at $9.36 on Monday. The stock’s 50-day moving average price is $8.23 and its two-hundred day moving average price is $7.29. 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 1 year low of $6.17 and a 1 year high of $9.58. The company has a market cap of $4.04 billion, a PE ratio of -52.00, a PEG ratio of 4.55 and a beta of 1.66.

Under Armour (NYSE:UAA) last posted its quarterly earnings data 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 analyst estimates of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 earnings per share. On average, analysts predict that Under Armour, Inc. will post 0.21 EPS for the current year.

Under Armour 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.