Northwestern Mutual Wealth Management Co. Sells 3,672 Shares of Under Armour, Inc. (NYSE:UAA)

Northwestern Mutual Wealth Management Co. reduced its position in Under Armour, Inc. (NYSE:UAA) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,941 shares of the company’s stock after selling 3,672 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Under Armour were worth $253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hexagon Capital Partners LLC raised its position in Under Armour by 101.1% during the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after purchasing an additional 1,890 shares in the last quarter. Optas LLC bought a new stake in shares of Under Armour during the 2nd quarter worth $72,000. Koss Olinger Consulting LLC acquired a new stake in Under Armour in the second quarter valued at about $79,000. DekaBank Deutsche Girozentrale bought a new position in Under Armour in the second quarter valued at about $80,000. Finally, Qsemble Capital Management LP acquired a new position in Under Armour during the 2nd quarter worth approximately $93,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Stock Down 0.9 %

Shares of NYSE UAA opened at $8.42 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.67 billion, a PE ratio of 15.58, a P/E/G ratio of 4.27 and a beta of 1.66. The company’s fifty day simple moving average is $7.93 and its 200 day simple moving average is $7.20. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $9.50.

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

Analysts Set New Price Targets

Several research firms recently weighed in on UAA. Telsey Advisory Group reissued a “market perform” rating and set a $7.00 price objective on shares of Under Armour in a report on Monday, August 5th. Stifel Nicolaus raised their price objective on shares of Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, August 9th. Barclays boosted their target price on shares of Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Wedbush raised their price target on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, BMO Capital Markets boosted their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Under Armour currently has a consensus rating of “Hold” and a consensus target price of $7.57.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.