Victory Capital Management Inc. trimmed its stake in shares of Under Armour Inc (NYSE:UA) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,650,390 shares of the company’s stock after selling 96,323 shares during the quarter. Victory Capital Management Inc.’s holdings in Under Armour were worth $31,143,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of UA. FMR LLC lifted its position in shares of Under Armour by 161.2% in the 4th quarter. FMR LLC now owns 4,528,755 shares of the company’s stock worth $73,230,000 after buying an additional 2,794,611 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of Under Armour by 23.7% in the 4th quarter. Baillie Gifford & Co. now owns 4,443,253 shares of the company’s stock worth $71,847,000 after buying an additional 851,765 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Under Armour by 3,827.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 812,138 shares of the company’s stock worth $50,000 after buying an additional 791,457 shares during the last quarter. BlackRock Inc. lifted its position in shares of Under Armour by 6.6% in the 4th quarter. BlackRock Inc. now owns 12,335,009 shares of the company’s stock worth $199,459,000 after buying an additional 763,174 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Under Armour in the 4th quarter worth about $7,838,000. Institutional investors own 32.22% of the company’s stock.
In other news, insider Paul Fipps sold 23,247 shares of Under Armour stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $19.49, for a total value of $453,084.03. Following the transaction, the insider now owns 362,784 shares of the company’s stock, valued at approximately $7,070,660.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.90% of the company’s stock.
A number of analysts recently weighed in on UA shares. B. Riley set a $12.00 price objective on shares of Under Armour and gave the stock a “sell” rating in a report on Tuesday, February 5th. Canaccord Genuity set a $13.00 target price on shares of Under Armour and gave the company a “sell” rating in a research note on Tuesday, March 19th. ValuEngine cut shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Pivotal Research reissued a “hold” rating and set a $22.00 target price on shares of Under Armour in a research note on Wednesday, February 13th. Finally, JPMorgan Chase & Co. raised shares of Under Armour from a “neutral” rating to an “overweight” rating and raised their target price for the company from $23.00 to $29.00 in a research note on Friday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $20.50.
Shares of UA traded up $1.29 during mid-day trading on Friday, hitting $20.65. The company’s stock had a trading volume of 2,151,314 shares, compared to its average volume of 2,368,321. The stock has a market capitalization of $8.50 billion, a P/E ratio of 76.48 and a beta of 1.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.02 and a quick ratio of 1.22. Under Armour Inc has a fifty-two week low of $15.05 and a fifty-two week high of $23.28.
Under Armour (NYSE:UA) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $1.20 billion for the quarter. Under Armour had a net margin of 0.12% and a return on equity of 7.05%. As a group, equities research analysts forecast that Under Armour Inc will post 0.35 EPS for the current fiscal year.
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Under Armour Company Profile
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.
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