Freestone Capital Holdings LLC Purchases Shares of 101,839 Under Armour, Inc. $UAA

Key Points

• Freestone Capital Holdings LLC acquired 101,839 shares of Under Armour, valued at approximately $636,000, increasing interest from institutional investors in the company.
• Several analysts have lowered their target prices for Under Armour stock, with ranges between $5.00 and $7.50, reflecting a cautious outlook on its performance.
• Insider trading activity includes Mehri Shadman selling 16,287 shares and Director Dawn N. Fitzpatrick purchasing 100,000 shares, indicating varied confidence among company insiders.

Freestone Capital Holdings LLC purchased a new stake in Under Armour, Inc. (NYSE:UAA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 101,839 shares of the company's stock, valued at approximately $636,000.

Several other large investors have also recently bought and sold shares of the stock. Alyeska Investment Group L.P. raised its holdings in Under Armour by 55.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock valued at $81,057,000 after acquiring an additional 3,503,006 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Under Armour by 10.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,528,935 shares of the company's stock valued at $45,780,000 after acquiring an additional 533,417 shares during the period. American Century Companies Inc. raised its holdings in Under Armour by 36.2% in the 1st quarter. American Century Companies Inc. now owns 5,465,814 shares of the company's stock valued at $34,161,000 after acquiring an additional 1,452,143 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Under Armour by 4.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,047,630 shares of the company's stock valued at $31,548,000 after acquiring an additional 231,990 shares during the period. Finally, T. Rowe Price Investment Management Inc. bought a new position in Under Armour in the 4th quarter valued at about $28,249,000. 34.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group decreased their target price on shares of Under Armour from $8.00 to $7.50 and set a "buy" rating on the stock in a research report on Monday, August 11th. Telsey Advisory Group decreased their target price on shares of Under Armour from $7.00 to $5.00 and set a "market perform" rating on the stock in a research report on Monday, August 11th. Evercore ISI decreased their target price on shares of Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a research report on Wednesday, May 14th. Bank of America decreased their target price on shares of Under Armour from $8.00 to $6.50 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Under Armour from $6.00 to $5.00 and set an "underweight" rating on the stock in a research report on Friday, August 8th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Under Armour presently has an average rating of "Hold" and a consensus target price of $6.74.

Insider Buying and Selling

In other news, insider Mehri Shadman sold 16,287 shares of the firm's stock in a transaction 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 transaction, the insider owned 191,796 shares of the company's stock, valued at approximately $1,177,627.44. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dawn N. Fitzpatrick purchased 100,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average cost of $4.93 per share, with a total value of $493,000.00. Following the purchase, the director directly owned 133,696 shares of the company's stock, valued at approximately $659,121.28. The trade was a 296.77% increase in their position. The disclosure for this purchase can be found here. Company insiders own 15.60% of the company's stock.

Under Armour Stock Performance

Shares of Under Armour stock opened at $5.18 on Tuesday. Under Armour, Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93. The firm has a market capitalization of $2.22 billion, a P/E ratio of 23.55, a P/E/G ratio of 2.41 and a beta of 1.61. The company's 50 day moving average price is $6.62 and its two-hundred day moving average price is $6.53.

Under Armour (NYSE:UAA - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business earned $0.01 EPS. The business's quarterly revenue was down 4.2% on a year-over-year basis. On average, equities analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

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.

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