Vontobel Holding Ltd. Takes $623,000 Position in Under Armour, Inc. (NYSE:UAA)

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

A number of other institutional investors also recently bought and sold shares of the business. Mariner LLC lifted its holdings in Under Armour by 10.0% during the 4th quarter. Mariner LLC now owns 17,006 shares of the company's stock worth $141,000 after buying an additional 1,552 shares during the last quarter. Beacon Pointe Advisors LLC boosted its position in shares of Under Armour by 10.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 21,470 shares of the company's stock valued at $178,000 after purchasing an additional 2,080 shares during the period. Swiss National Bank boosted its position in shares of Under Armour by 0.8% in the 4th quarter. Swiss National Bank now owns 371,400 shares of the company's stock valued at $3,075,000 after purchasing an additional 2,800 shares during the period. Yousif Capital Management LLC boosted its position in shares of Under Armour by 4.6% in the 1st quarter. Yousif Capital Management LLC now owns 68,911 shares of the company's stock valued at $431,000 after purchasing an additional 3,024 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Under Armour by 30.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,035 shares of the company's stock valued at $149,000 after purchasing an additional 4,175 shares during the period. 34.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Under Armour

In related news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value 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. This represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 15.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UAA. The Goldman Sachs Group began coverage on Under Armour in a research report on Wednesday, July 2nd. They issued a "neutral" rating and a $7.00 target price for the company. Wells Fargo & Company boosted their price target on Under Armour from $4.00 to $5.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Bank of America dropped their price target on Under Armour from $10.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 14th. Truist Financial dropped their target price on Under Armour from $9.00 to $7.00 and set a "hold" rating on the stock in a research report on Wednesday, May 14th. Finally, BMO Capital Markets dropped their target price on Under Armour from $12.00 to $9.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 14th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $7.31.

Under Armour Trading Down 0.9%

Shares of Under Armour stock traded down $0.06 during trading hours on Tuesday, reaching $6.92. 870,240 shares of the company's stock were exchanged, compared to its average volume of 12,622,271. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of -14.69, a price-to-earnings-growth ratio of 0.98 and a beta of 1.61. The company has a current ratio of 2.10, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average of $6.55 and a 200-day moving average of $6.91. Under Armour, Inc. has a 52-week low of $4.78 and a 52-week high of $11.89.

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

About Under Armour

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.