140,842 Shares in Under Armour, Inc. (NYSE:UAA) Acquired by Verity Asset Management Inc.

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

A number of other hedge funds also recently bought and sold shares of the company. New York State Common Retirement Fund grew its position in Under Armour by 7.1% during the fourth quarter. New York State Common Retirement Fund now owns 116,803 shares of the company's stock valued at $967,000 after buying an additional 7,700 shares during the period. Bank of New York Mellon Corp raised its position in Under Armour by 11.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company's stock valued at $11,853,000 after purchasing an additional 150,958 shares during the period. Amalgamated Bank raised its holdings in Under Armour by 2.4% during the 4th quarter. Amalgamated Bank now owns 87,534 shares of the company's stock valued at $725,000 after buying an additional 2,014 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Under Armour in the 4th quarter worth about $486,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Under Armour by 28.7% during the fourth quarter. Jones Financial Companies Lllp now owns 69,679 shares of the company's stock valued at $577,000 after buying an additional 15,531 shares during the last quarter. Institutional investors own 34.58% of the company's stock.

Under Armour Stock Down 1.9%

Shares of UAA stock traded down $0.14 during trading hours on Thursday, hitting $7.08. 5,426,489 shares of the company were exchanged, compared to its average volume of 13,114,019. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.25 and a current ratio of 2.10. Under Armour, Inc. has a one year low of $4.78 and a one year high of $11.89. The business's 50-day simple moving average is $6.47 and its two-hundred day simple moving average is $6.96. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of -15.06, a P/E/G ratio of 0.97 and a beta of 1.61.

Under Armour (NYSE:UAA - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) earnings per share 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 business 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 earned $0.11 EPS. The company's revenue for the quarter was down 11.4% compared to the same quarter last year. Sell-side analysts predict that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling at Under Armour

In related news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 15.60% of the company's stock.

Analysts Set New Price Targets

UAA has been the subject of several recent research reports. Barclays reduced their price target on Under Armour from $8.00 to $6.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Needham & Company LLC reiterated a "hold" rating on shares of Under Armour in a research note on Wednesday, May 14th. BMO Capital Markets lowered their price target on shares of Under Armour from $12.00 to $9.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. UBS Group upped their price objective on shares of Under Armour from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Evercore ISI decreased their target price on Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a research report on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.31.

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.