Proficio Capital Partners LLC Lowers Stake in Under Armour, Inc. (NYSE:UAA)

Proficio Capital Partners LLC decreased its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 78.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,890 shares of the company's stock after selling 45,790 shares during the period. Proficio Capital Partners LLC's holdings in Under Armour were worth $81,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Under Armour during the first quarter worth approximately $402,000. Hussman Strategic Advisors Inc. acquired a new stake in shares of Under Armour during the first quarter worth approximately $1,312,000. Victory Capital Management Inc. increased its holdings in shares of Under Armour by 160.8% during the first quarter. Victory Capital Management Inc. now owns 304,378 shares of the company's stock worth $1,902,000 after buying an additional 187,657 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Under Armour by 63.5% during the first quarter. Bleakley Financial Group LLC now owns 84,761 shares of the company's stock worth $530,000 after buying an additional 32,909 shares in the last quarter. Finally, Grant GrossMendelsohn LLC increased its holdings in shares of Under Armour by 32.9% in the first quarter. Grant GrossMendelsohn LLC now owns 20,185 shares of the company's stock valued at $117,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Under Armour in a research report on Wednesday, May 14th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 price objective on shares of Under Armour in a research report on Tuesday, May 13th. Truist Financial cut their price objective on shares of Under Armour from $9.00 to $7.00 and set a "hold" rating on the stock in a research report on Wednesday, May 14th. Evercore ISI cut their price target 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. Finally, BMO Capital Markets cut their price target on shares of 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 given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Under Armour has an average rating of "Hold" and an average price target of $7.31.

Insiders Place Their Bets

In related news, insider Mehri Shadman sold 16,287 shares of the 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 15.60% of the stock is currently owned by insiders.

Under Armour Stock Up 2.4%

Shares of NYSE UAA traded up $0.18 during mid-day trading on Friday, reaching $7.35. 10,206,473 shares of the company's stock traded hands, compared to its average volume of 9,638,737. The stock has a market cap of $3.16 billion, a P/E ratio of -15.63, a PEG ratio of 1.02 and a beta of 1.61. The business has a 50-day simple moving average of $6.83 and a 200 day simple moving average of $6.79. Under Armour, Inc. has a 1-year low of $4.78 and a 1-year high of $11.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.10 and a quick ratio of 1.25.

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