Verity Asset Management Inc. Purchases New Shares in Under Armour, Inc. (NYSE:UAA)

Verity Asset Management Inc. purchased a new stake in Under Armour, Inc. (NYSE:UAA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 140,842 shares of the company's stock, valued at approximately $880,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UAA. SBI Securities Co. Ltd. purchased a new stake in Under Armour in the 4th quarter valued at $40,000. Harbour Investments Inc. grew its holdings in shares of Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock valued at $51,000 after purchasing an additional 5,000 shares during the period. Vident Advisory LLC acquired a new stake in Under Armour during the fourth quarter worth about $85,000. GAMMA Investing LLC raised its stake 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 purchasing an additional 14,932 shares during the period. Finally, Amundi grew its stake 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 buying an additional 4,223 shares during the period. Institutional investors and hedge funds own 34.58% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. KGI Securities assumed coverage on shares of Under Armour in a research report on Friday, March 7th. They set a "neutral" rating and a $7.40 price target on the stock. Wall Street Zen downgraded Under Armour from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Stifel Nicolaus decreased their price target 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. Bank of America cut their price objective on Under Armour from $10.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, May 14th. Finally, Barclays reduced their price objective on shares of Under Armour from $8.00 to $6.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $7.33.

Insider Transactions at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of Under Armour 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 sale, the insider owned 191,796 shares in the company, valued at approximately $1,177,627.44. The trade was a 7.83% decrease in their ownership of the stock. 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 owned by corporate insiders.

Under Armour Stock Down 0.6%

UAA stock traded down $0.04 during trading on Monday, hitting $6.85. 7,902,165 shares of the company's stock were exchanged, compared to its average volume of 12,714,493. The business has a 50-day moving average price of $6.40 and a two-hundred day moving average price of $6.97. The company has a current ratio of 2.10, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of -14.57, a PEG ratio of 0.94 and a beta of 1.63. Under Armour, Inc. has a 52-week low of $4.78 and a 52-week high of $11.89.

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 for the quarter, topping the consensus estimate of ($0.09) by $0.01. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. Under Armour had a negative net margin of 3.90% and a positive return on equity of 7.04%. The company's revenue was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS. As a group, equities research analysts expect that Under Armour, Inc. will post 0.3 EPS for the current 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.