CUE Financial Group Acquires 3605 Shares of Under Armour Inc (UA)

CUE Financial Group raised its stake in shares of Under Armour Inc (NYSE:UA) by 31.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The hedge fund owned 15,115 shares of the apparel retailer’s stock after buying an additional 3,605 shares during the period. Under Armour accounts for approximately 1.1% of CUE Financial Group’s holdings, making the stock its 28th largest position. CUE Financial Group’s holdings in Under Armour were worth $1,218,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in UA. Taylor Wealth Management Partners raised its stake in shares of Under Armour by 2.7% in the fourth quarter. Taylor Wealth Management Partners now owns 92,089 shares of the apparel retailer’s stock valued at $7,423,000 after buying an additional 2,448 shares in the last quarter. Detwiler Fenton Investment Management acquired a new position in Under Armour during the fourth quarter worth approximately $213,000. Alpha Capital Management acquired a new position in Under Armour during the fourth quarter worth approximately $1,262,000. Natixis Asset Management raised its position in Under Armour by 11.7% in the third quarter. Natixis Asset Management now owns 6,302 shares of the apparel retailer’s stock worth $610,000 after buying an additional 658 shares in the last quarter. Finally, Cabot Wealth Management raised its position in Under Armour by 136.3% in the fourth quarter. Cabot Wealth Management now owns 43,912 shares of the apparel retailer’s stock worth $3,540,000 after buying an additional 25,327 shares in the last quarter.

Under Armour Inc (NYSE:UA) traded up 0.21% on Friday, reaching $84.25. 4,725,364 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $76.83 and a 200-day moving average of $90.91. Under Armour Inc has a 12 month low of $63.23 and a 12 month high of $105.89. The firm has a market capitalization of $18.18 billion and a price-to-earnings ratio of 86.15.

Under Armour (NYSE:UA) last released its earnings results on Thursday, January 28th. The apparel retailer reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.13 billion. Under Armour’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 earnings per share. On average, equities analysts expect that Under Armour Inc will post $1.04 earnings per share for the current year.

A number of research firms have commented on UA. Brean Capital lifted their price objective on shares of Under Armour from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Friday. Vetr lowered shares of Under Armour from a “strong-buy” rating to a “hold” rating and set a $86.09 price objective on the stock. in a research note on Thursday. B. Riley upgraded shares of Under Armour from a “neutral” rating to a “buy” rating in a research note on Thursday. SunTrust restated a “buy” rating on shares of Under Armour in a research note on Tuesday. Finally, Deutsche Bank dropped their price objective on shares of Under Armour from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. Under Armour has a consensus rating of “Buy” and a consensus target price of $100.13.

In related news, CFO Brad Dickerson sold 10,000 shares of the stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $95.56, for a total transaction of $955,600.00. Following the completion of the sale, the chief financial officer now owns 56,838 shares in the company, valued at approximately $5,431,439.28. The sale was disclosed in a filing with the Securities Exchange Commission, which is available at the SEC website. Also, CEO Kevin A. Plank sold 437,500 shares of the stock in a transaction dated Wednesday, November 18th. The stock was sold at an average price of $85.76, for a total transaction of $37,520,000.00. Following the sale, the chief executive officer now owns 190,123 shares of the company’s stock, valued at approximately $16,304,948.48. The disclosure for this sale can be found here.

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 moisture-wicking fabrications are engineered in a range of designs and styles for wear in nearly every climate to provide an alternative to traditional products. The Company’s operating segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (NYSE:UA); Asia-Pacific; Latin America, and MapMyFitness. The Company also offers digital fitness platform licenses and subscriptions, along with digital advertising through its MapMyFitness business. Its apparel offers three gearlines, including HEATGEAR, COLDGEAR and ALLSEASONGEAR. Its footwear offerings include football, baseball, lacrosse, softball and soccer cleats, slides and performance training, running, basketball and outdoor footwear. Its accessories primarily include the sale of headwear, bags and gloves.

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Friday, January 29th, 2016 EN

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