210,000 Shares in Under Armour, Inc. (NYSE:UAA) Bought by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. acquired a new position in Under Armour, Inc. (NYSE:UAA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 210,000 shares of the company's stock, valued at approximately $1,312,000.

Other large investors have also added to or reduced their stakes in the company. Mariner LLC raised its position in Under Armour by 10.0% during the 4th quarter. Mariner LLC now owns 17,006 shares of the company's stock valued at $141,000 after purchasing an additional 1,552 shares in the last quarter. Principal Financial Group Inc. raised its position in Under Armour by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 435,307 shares of the company's stock valued at $2,721,000 after purchasing an additional 1,888 shares in the last quarter. Beacon Pointe Advisors LLC raised its position in Under Armour by 10.7% during 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 in the last quarter. Swiss National Bank raised its position in Under Armour by 0.8% during 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 in the last quarter. Finally, Yousif Capital Management LLC raised its position in Under Armour by 4.6% during 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 in the last quarter. Institutional investors own 34.58% of the company's stock.

Insider Activity at Under Armour

In related news, insider Mehri Shadman sold 16,287 shares of the firm'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 transaction, the insider owned 191,796 shares in the company, valued at $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 available through the SEC website. 15.60% of the stock is owned by corporate insiders.

Under Armour Stock Up 0.3%

Shares of Under Armour stock traded up $0.02 during trading hours on Friday, hitting $6.86. 5,781,087 shares of the company's stock traded hands, compared to its average volume of 12,629,358. The stock has a 50 day simple moving average of $6.74 and a 200-day simple moving average of $6.83. The company has a quick ratio of 1.25, a current ratio of 2.10 and a debt-to-equity ratio of 0.31. The company has a market cap of $2.95 billion, a PE ratio of -14.60, a PEG ratio of 0.93 and a beta of 1.61. 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 issued its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. Under Armour had a negative net margin of 3.90% and a positive return on equity of 7.04%. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the company posted $0.11 earnings per share. Under Armour's revenue was down 11.4% on a year-over-year basis. Equities research analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on UAA shares. BMO Capital Markets dropped their price target on Under Armour from $12.00 to $9.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 14th. Needham & Company LLC restated a "hold" rating on shares of Under Armour in a research note on Wednesday, May 14th. Bank of America lowered their target price on Under Armour from $10.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 14th. Stifel Nicolaus lowered their target price on Under Armour from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Finally, Evercore ISI lowered their target price on Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Under Armour presently has an average rating of "Hold" and an average price target of $7.31.

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.