Trade Report: The Supplemental Annuity Collective Trust of NJ Takes Position in Under Armour Inc. (UA)

The Supplemental Annuity Collective Trust of NJ Takes Position in Under Armour Inc. (UA)

Supplemental Annuity Collective Trust of NJ bought a new stake in shares of Under Armour Inc. (NYSE:UA) during the second quarter, Holdings Channel reports. The institutional investor bought 10,000 shares of the apparel retailer’s stock, valued at approximately $401,000.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Under Armour by 13,607.6% in the first quarter. Wellington Management Group LLP now owns 1,863,417 shares of the apparel retailer’s stock valued at $158,073,000 after buying an additional 1,849,823 shares in the last quarter. Geode Capital Management LLC increased its stake in Under Armour by 6.5% in the first quarter. Geode Capital Management LLC now owns 1,513,607 shares of the apparel retailer’s stock valued at $128,146,000 after buying an additional 91,779 shares in the last quarter. Columbus Circle Investors increased its stake in Under Armour by 62.2% in the second quarter. Columbus Circle Investors now owns 1,238,599 shares of the apparel retailer’s stock valued at $49,705,000 after buying an additional 475,061 shares in the last quarter. Legal & General Group Plc increased its stake in Under Armour by 0.7% in the first quarter. Legal & General Group Plc now owns 747,800 shares of the apparel retailer’s stock valued at $63,436,000 after buying an additional 5,341 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Under Armour by 829.1% in the first quarter. Renaissance Technologies LLC now owns 712,600 shares of the apparel retailer’s stock valued at $60,450,000 after buying an additional 635,900 shares in the last quarter. 36.57% of the stock is owned by institutional investors and hedge funds.

Under Armour Inc. (NYSE:UA) traded down 1.46% during trading on Friday, reaching $30.94. The company had a trading volume of 9,243,320 shares. Under Armour Inc. has a 12-month low of $30.63 and a 12-month high of $48.77. The stock has a market cap of $13.55 billion, a P/E ratio of 68.76 and a beta of 0.39. The firm has a 50-day moving average price of $37.81 and a 200 day moving average price of $39.60.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Tuesday, October 25th. The apparel retailer reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. The firm earned $1.47 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Under Armour had a net margin of 5.53% and a return on equity of 14.60%. Under Armour’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. Equities research analysts predict that Under Armour Inc. will post $0.60 EPS for the current fiscal year.

Several analysts have commented on the company. B. Riley reaffirmed a “buy” rating and set a $51.00 price objective on shares of Under Armour in a research note on Monday, July 25th. Vetr downgraded Under Armour from a “buy” rating to a “hold” rating and set a $44.06 price objective for the company. in a research note on Thursday, July 21st. Canaccord Genuity set a $65.00 price objective on Under Armour and gave the company a “buy” rating in a research note on Thursday, July 21st. Cowen and Company reaffirmed an “outperform” rating and set a $46.00 price objective on shares of Under Armour in a research note on Monday, August 15th. Finally, Brean Capital reiterated a “hold” rating on shares of Under Armour in a research report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $46.85.

In related news, insider Matthew C. Mirchin sold 16,015 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $42.92, for a total value of $687,363.80. Following the completion of the sale, the insider now directly owns 29,869 shares in the company, valued at $1,281,977.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas E. Coltharp sold 6,648 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $41.78, for a total transaction of $277,753.44. Following the completion of the sale, the director now owns 61,720 shares of the company’s stock, valued at $2,578,661.60. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by corporate insiders.

Under Armour Company Profile

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

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