International Assets Investment Management LLC Acquires 68,786 Shares of Under Armour, Inc. (NYSE:UAA)

International Assets Investment Management LLC boosted its holdings in Under Armour, Inc. (NYSE:UAA) by 2,413.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,636 shares of the company’s stock after purchasing an additional 68,786 shares during the quarter. International Assets Investment Management LLC’s holdings in Under Armour were worth $638,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in Under Armour in the third quarter worth approximately $56,000. Optas LLC bought a new stake in Under Armour in the second quarter worth approximately $72,000. CWM LLC increased its holdings in Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after purchasing an additional 1,409 shares in the last quarter. Koss Olinger Consulting LLC bought a new stake in Under Armour in the second quarter worth approximately $79,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Under Armour in the second quarter worth approximately $80,000. 34.58% of the stock is currently owned by institutional investors.

Under Armour Stock Up 2.6 %

Shares of NYSE:UAA opened at $8.87 on Wednesday. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of -49.25, a PEG ratio of 4.14 and a beta of 1.66. The company has a quick ratio of 1.08, a current ratio of 1.73 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 $9.58. The business’s 50 day moving average is $8.35 and its 200 day moving average is $7.47.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. TD Cowen lifted their target price on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Monday. Wedbush boosted their price objective on Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a report on Friday, August 9th. Telsey Advisory Group restated a “market perform” rating and set a $8.00 price objective on shares of Under Armour in a report on Monday. Truist Financial boosted their price objective on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a report on Friday, August 9th. Finally, UBS Group boosted their price objective on Under Armour from $11.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.94.

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.