SG Americas Securities LLC decreased its position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 50.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,350 shares of the company's stock after selling 80,191 shares during the period. SG Americas Securities LLC's holdings in Under Armour were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in Under Armour during the 4th quarter worth about $40,000. Harbour Investments Inc. boosted its stake in Under Armour by 438.2% in the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock worth $51,000 after purchasing an additional 5,000 shares during the period. Vident Advisory LLC bought a new stake in shares of Under Armour in the fourth quarter worth $85,000. GAMMA Investing LLC raised its holdings in Under Armour by 872.2% during the first quarter. GAMMA Investing LLC now owns 16,644 shares of the company's stock worth $104,000 after acquiring an additional 14,932 shares in the last quarter. Finally, Amundi raised its stake in shares of Under Armour by 45.3% during the 4th quarter. Amundi now owns 13,540 shares of the company's stock worth $110,000 after purchasing an additional 4,223 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company's stock.
Analyst Ratings Changes
Several brokerages have issued reports on UAA. Wells Fargo & Company raised their price target on Under Armour from $4.00 to $5.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. UBS Group upped their target price on Under Armour from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of Under Armour in a report on Wednesday, May 14th. Truist Financial lowered their price objective on Under Armour from $9.00 to $7.00 and set a "hold" rating for the company in a research note on Wednesday, May 14th. Finally, Robert W. Baird lifted their price objective on Under Armour from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $7.33.
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Under Armour Stock Performance
UAA stock traded up $0.06 during midday trading on Friday, hitting $6.89. The company's stock had a trading volume of 10,026,110 shares, compared to its average volume of 13,246,435. Under Armour, Inc. has a 1 year low of $4.78 and a 1 year high of $11.89. The stock's 50-day moving average price is $6.38 and its 200 day moving average price is $7.03. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of -14.65, a PEG ratio of 0.91 and a beta of 1.63. 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 (NYSE:UAA - Get Free Report) last announced its quarterly 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 negative net margin of 3.90% and a positive return on equity of 7.04%. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the prior year, the company posted $0.11 EPS. Under Armour's revenue was down 11.4% compared to the same quarter last year. On average, equities analysts forecast that Under Armour, Inc. will post 0.3 EPS for the current year.
Insider Activity
In other news, insider Mehri Shadman sold 16,287 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the transaction, the insider now owns 191,796 shares of the company's stock, valued at approximately $1,177,627.44. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 15.60% of the company's stock.
About Under Armour
(
Free Report)
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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