Trading Report: Today: Under Armour Inc. (UA) Stake Raised by Parsons Capital Management Inc. RI

Today: Under Armour Inc. (UA) Stake Raised by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI raised its position in Under Armour Inc. (NYSE:UA) by 16.6% during the third quarter, Holdings Channel reports. The fund owned 11,750 shares of the apparel retailer’s stock after buying an additional 1,675 shares during the period. Parsons Capital Management Inc. RI’s holdings in Under Armour were worth $454,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Pillar Pacific Capital Management LLC purchased a new position in Under Armour during the third quarter valued at $2,866,000. CIBC World Markets Inc. increased its position in Under Armour by 214.5% in the third quarter. CIBC World Markets Inc. now owns 16,220 shares of the apparel retailer’s stock valued at $627,000 after buying an additional 11,063 shares in the last quarter. Cardinal Capital Management purchased a new position in Under Armour during the third quarter valued at $212,000. San Francisco Sentry Investment Group CA increased its position in Under Armour by 11.2% in the third quarter. San Francisco Sentry Investment Group CA now owns 7,439 shares of the apparel retailer’s stock valued at $288,000 after buying an additional 750 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in Under Armour by 17.4% in the third quarter. Stratos Wealth Partners LTD. now owns 6,080 shares of the apparel retailer’s stock valued at $235,000 after buying an additional 900 shares in the last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.

Under Armour Inc. (NYSE:UA) traded up 2.827% during mid-day trading on Monday, reaching $31.465. The company’s stock had a trading volume of 5,112,498 shares. The firm has a 50 day moving average price of $33.66 and a 200-day moving average price of $37.93. The company has a market capitalization of $13.79 billion, a PE ratio of 69.922 and a beta of 0.16. Under Armour Inc. has a 1-year low of $30.06 and a 1-year high of $47.95.

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

Several equities analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $51.00 target price on shares of Under Armour in a research report on Monday, October 24th. Canaccord Genuity set a $65.00 target price on Under Armour and gave the company a “buy” rating in a research report on Saturday, September 17th. Bank of America Corp. set a $54.00 target price on Under Armour and gave the company a “buy” rating in a research report on Saturday, September 17th. Mizuho set a $52.00 target price on Under Armour and gave the company a “buy” rating in a research report on Friday, October 21st. Finally, Nomura assumed coverage on Under Armour in a research report on Tuesday, September 13th. They issued a “neutral” rating and a $38.00 target price for the company. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Under Armour has an average rating of “Buy” and a consensus price target of $46.68.

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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