Vontobel Holding Ltd. Makes New Investment in Under Armour, Inc. (NYSE:UAA)

Vontobel Holding Ltd. purchased a new stake in Under Armour, Inc. (NYSE:UAA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 99,702 shares of the company's stock, valued at approximately $623,000.

A number of other large investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in Under Armour by 193.2% in the fourth quarter. FMR LLC now owns 28,317,951 shares of the company's stock valued at $234,473,000 after acquiring an additional 18,658,128 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Under Armour by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company's stock worth $128,741,000 after buying an additional 263,988 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Under Armour by 55.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock worth $81,057,000 after buying an additional 3,503,006 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Under Armour by 10.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,528,935 shares of the company's stock worth $45,780,000 after buying an additional 533,417 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Under Armour by 13.7% during the 4th quarter. Renaissance Technologies LLC now owns 4,837,800 shares of the company's stock worth $40,057,000 after buying an additional 581,800 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company's stock.

Under Armour Stock Performance

Shares of UAA traded up $0.16 during mid-day trading on Thursday, hitting $7.09. 23,277,407 shares of the company traded hands, compared to its average volume of 12,667,251. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.25 and a current ratio of 2.10. The stock has a 50-day moving average price of $6.60 and a two-hundred day moving average price of $6.91. Under Armour, Inc. has a 1 year low of $4.78 and a 1 year high of $11.89. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of -15.09, a P/E/G ratio of 0.97 and a beta of 1.61.

Under Armour (NYSE:UAA - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. Under Armour had a negative net margin of 3.90% and a positive return on equity of 7.04%. The firm's quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 earnings per share. Equities analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Telsey Advisory Group restated a "market perform" rating and set a $7.00 target price on shares of Under Armour in a research note on Tuesday, May 13th. Needham & Company LLC restated a "hold" rating on shares of Under Armour in a research report on Wednesday, May 14th. Truist Financial lowered their price objective on shares of Under Armour from $9.00 to $7.00 and set a "hold" rating for the company in a research report on Wednesday, May 14th. UBS Group boosted their target price on shares of Under Armour from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, BMO Capital Markets decreased their target price on shares of Under Armour from $12.00 to $9.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 14th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $7.31.

Insider Transactions at Under Armour

In related news, insider Mehri Shadman sold 16,287 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the sale, the insider directly owned 191,796 shares in the company, valued at approximately $1,177,627.44. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 15.60% of the company's stock.

Under Armour Company 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.