Vontobel Holding Ltd. Acquires Shares of 99,702 Under Armour, Inc. (NYSE:UAA)

Vontobel Holding Ltd. bought a new position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 99,702 shares of the company's stock, valued at approximately $623,000.

Several other hedge funds also recently made changes to their positions in UAA. SBI Securities Co. Ltd. acquired a new stake in shares of Under Armour during the fourth quarter worth $40,000. Harbour Investments Inc. raised its position in Under Armour by 438.2% in the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock valued at $51,000 after buying an additional 5,000 shares during the last quarter. Vident Advisory LLC bought a new position in shares of Under Armour during the 4th quarter worth $85,000. GAMMA Investing LLC boosted its stake in Under Armour by 872.2% in the 1st quarter. GAMMA Investing LLC now owns 16,644 shares of the company's stock worth $104,000 after purchasing an additional 14,932 shares during the period. Finally, Amundi raised its holdings in shares of Under Armour by 45.3% in the 4th quarter. Amundi now owns 13,540 shares of the company's stock valued at $110,000 after acquiring an additional 4,223 shares in the last quarter. 34.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UAA shares. Bank of America cut their price objective 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. Wells Fargo & Company increased their target price on Under Armour from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. BMO Capital Markets cut their price target on Under Armour from $12.00 to $9.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. The Goldman Sachs Group started coverage on Under Armour in a report on Wednesday, July 2nd. They issued a "neutral" rating and a $7.00 target price for the company. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Under Armour in a 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 assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.31.

Insider Activity

In related news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 15.60% of the stock is owned by company insiders.

Under Armour Stock Performance

Shares of UAA stock traded down $0.13 on Monday, hitting $6.98. The company had a trading volume of 8,024,249 shares, compared to its average volume of 12,667,018. The firm has a market cap of $3.00 billion, a P/E ratio of -14.85, a price-to-earnings-growth ratio of 0.98 and a beta of 1.61. The company has a 50-day moving average price of $6.53 and a 200-day moving average price of $6.92. The company has a quick ratio of 1.25, a current ratio of 2.10 and a debt-to-equity ratio of 0.31. Under Armour, Inc. has a twelve month low of $4.78 and a twelve month high of $11.89.

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

Under Armour 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.