Notable Ownership Action: Do Institutional Investors Love Under Armour Inc (NYSE:UA)?

November 28, 2016 - By Pete Kolinski   ·   0 Comments

Notable Ownership Action: Do Institutional Investors Love Under Armour Inc (NYSE:UA)?

Sentiment for Under Armour Inc (NYSE:UA)

Under Armour Inc (NYSE:UA) institutional sentiment decreased to 1.14 in Q2 2016. Its down -0.23, from 1.37 in 2016Q1. The ratio has dropped, as 303 active investment managers opened new and increased stock positions, while 221 cut down and sold equity positions in Under Armour Inc. The active investment managers in our partner’s database now hold: 157.03 million shares, up from 151.38 million shares in 2016Q1. Also, the number of active investment managers holding Under Armour Inc in their top 10 stock positions decreased from 9 to 2 for a decrease of 7. Sold All: 101 Reduced: 120 Increased: 239 New Position: 64.

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 has a market cap of $11.94 billion. The Company’s divisions include North America, consisting of the United States and Canada; Europe, the Middle East and Africa ; Asia-Pacific; Latin America, and Connected Fitness. It has a 44.38 P/E ratio. The Company’s apparel is offered in various styles and fits to improve comfort and mobility, regulate body temperature and improve performance regardless of weather conditions.

The stock decreased 0.36% or $0.11 on November 25, hitting $30.6. Under Armour Inc (NYSE:UA) has declined 34.32% since April 25, 2016 and is downtrending. It has underperformed by 40.33% the S&P500.

Analysts await Under Armour Inc (NYSE:UA) to report earnings on January, 26. They expect $0.25 EPS, 0.00% or $0.00 from last year’s $0.25 per share. UA’s profit will be $97.55 million for 30.60 P/E if the $0.25 EPS becomes a reality. After $0.29 actual EPS reported by Under Armour Inc for the previous quarter, Wall Street now forecasts -13.79% negative EPS growth.

According to Zacks Investment Research, “Under Armour is a leading developer, marketer and distributor of branded performance products for men, women and youth. The brand’s moisture-wicking synthetic fabrications are engineered in many different designs and styles for wear in nearly every climate to provide a performance alternative to traditional natural fiber products. The Company is an official supplier to the National Hockey League, the U.S. Ski Team, USA Rugby, the National Lacrosse League, and Major League Lacrosse; and the Company’s products are worn by professional football, baseball, and soccer players, as well as athletes in major collegiate and Olympic sports. The Company’s products are currently sold in the United States, Canada, Japan and the United Kingdom.”

Under Armour Inc (NYSE:UA) Ratings Coverage

Ratings analysis reveals 41% of Under Armour’s analysts are positive. Out of 27 Wall Street analysts rating Under Armour, 11 give it “Buy”, 1 “Sell” rating, while 15 recommend “Hold”. The lowest target is $32 while the high is $131. The stock’s average target of $75.73 is 147.48% above today’s ($30.6) share price. UA was included in 59 notes of analysts from July 21, 2015. Stifel Nicolaus downgraded the stock to “Hold” rating in Tuesday, October 25 report. The rating was upgraded by B. Riley & Co on Friday, January 29 to “Buy”. Brean Capital downgraded the shares of UA in a report on Wednesday, May 4 to “Hold” rating. The stock of Under Armour Inc (NYSE:UA) earned “Neutral” rating by Mizuho on Wednesday, October 26. Stifel Nicolaus maintained it with “Buy” rating and $105.0 target price in Wednesday, December 23 report. The rating was initiated by Susquehanna on Friday, August 12 with “Positive”. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Friday, July 24. The stock has “Neutral” rating given by Credit Suisse on Wednesday, June 1. The stock of Under Armour Inc (NYSE:UA) has “Overweight” rating given on Friday, October 14 by Piper Jaffray. The stock of Under Armour Inc (NYSE:UA) has “Buy” rating given on Friday, June 3 by DA Davidson.

UA Company Profile

Under Armour, Inc., incorporated on July 01, 1996, is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s moisture-wicking fabrications are engineered in a range of creates and styles for wear in nearly every climate to provide an alternative to traditional products. The Company’s divisions include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

More news for Under Armour Inc (NYSE:UA) were recently published by: Fool.com, which released: “Under Armour Inc’s Bearish Run Could Be Your Chance to Buy In” on November 02, 2016. Seekingalpha.com‘s article titled: “Why Under Armour Is An Outstanding Buy” and published on November 25, 2016 is yet another important article.

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By Pete Kolinski

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