Northwestern Mutual Wealth Management Co. Increases Stock Holdings in Under Armour Inc (NYSE:UA)

Northwestern Mutual Wealth Management Co. grew its position in shares of Under Armour Inc (NYSE:UA) by 14.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,471 shares of the company’s stock after purchasing an additional 3,001 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Under Armour were worth $443,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Sentry Investment Management LLC boosted its stake in Under Armour by 5.5% during the 1st quarter. Sentry Investment Management LLC now owns 10,863 shares of the company’s stock worth $205,000 after purchasing an additional 570 shares during the last quarter. PFG Advisors boosted its stake in Under Armour by 2.5% during the 1st quarter. PFG Advisors now owns 27,400 shares of the company’s stock worth $568,000 after purchasing an additional 660 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Under Armour by 54.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,935 shares of the company’s stock valued at $31,000 after acquiring an additional 679 shares during the last quarter. Triangle Securities Wealth Management acquired a new position in shares of Under Armour during the 1st quarter valued at about $1,280,000. Finally, Great West Life Assurance Co. Can boosted its position in shares of Under Armour by 0.8% during the 4th quarter. Great West Life Assurance Co. Can now owns 95,286 shares of the company’s stock valued at $1,470,000 after acquiring an additional 745 shares during the last quarter. 32.36% of the stock is owned by hedge funds and other institutional investors.

NYSE:UA traded down $0.13 on Monday, reaching $22.07. 1,597,573 shares of the company’s stock were exchanged, compared to its average volume of 2,275,921. The company has a quick ratio of 1.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.58. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 81.74 and a beta of 0.96. The business has a fifty day simple moving average of $21.82. Under Armour Inc has a 52-week low of $15.05 and a 52-week high of $24.17.

Under Armour (NYSE:UA) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share (EPS) for the quarter. Under Armour had a net margin of 0.12% and a return on equity of 7.05%. The company had revenue of $1.20 billion for the quarter. As a group, research analysts anticipate that Under Armour Inc will post 0.35 EPS for the current year.

Several research analysts have recently weighed in on the stock. Piper Jaffray Companies set a $30.00 price target on shares of Under Armour and gave the company a “buy” rating in a research report on Monday, June 24th. JPMorgan Chase & Co. upgraded shares of Under Armour from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $23.00 to $29.00 in a report on Friday, May 17th. ValuEngine lowered shares of Under Armour from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. B. Riley set a $12.00 price objective on shares of Under Armour and gave the company a “sell” rating in a report on Tuesday, April 9th. Finally, Canaccord Genuity set a $13.00 price objective on shares of Under Armour and gave the company a “sell” rating in a report on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Under Armour has an average rating of “Hold” and a consensus price target of $20.50.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

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Institutional Ownership by Quarter for Under Armour (NYSE:UA)

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