Under Armour, Inc. (NYSE:UAA) Shares Purchased by KBC Group NV

KBC Group NV increased its position in shares of Under Armour, Inc. (NYSE:UAA) by 27.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,588 shares of the company’s stock after buying an additional 2,929 shares during the quarter. KBC Group NV’s holdings in Under Armour were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in UAA. Quantbot Technologies LP grew its position in shares of Under Armour by 288.1% during the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after acquiring an additional 314,226 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Under Armour during the 3rd quarter worth $576,000. International Assets Investment Management LLC increased its stake in Under Armour by 2,413.5% in the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock valued at $638,000 after purchasing an additional 68,786 shares during the period. BNP Paribas Financial Markets increased its stake in Under Armour by 48.1% in the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after purchasing an additional 199,348 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Under Armour by 37.4% in the fourth quarter. SG Americas Securities LLC now owns 158,541 shares of the company’s stock valued at $1,313,000 after buying an additional 43,158 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Guggenheim reissued a “neutral” rating on shares of Under Armour in a report on Friday. Telsey Advisory Group restated a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research note on Thursday. Truist Financial lifted their price objective on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Finally, Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.22.

Insider Transactions at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the sale, the insider now owns 172,899 shares in the company, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the transaction, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,879 shares of company stock valued at $508,642 in the last 90 days. 15.60% of the stock is currently owned by insiders.

Under Armour Price Performance

UAA stock opened at $7.29 on Friday. The firm has a 50 day moving average of $8.67 and a 200-day moving average of $8.45. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -242.75 and a beta of 1.69. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $11.89.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 13.20% and a negative net margin of 0.27%. During the same quarter in the previous year, the firm earned $0.19 earnings per share. As a group, equities analysts expect that Under Armour, Inc. will post 0.27 EPS for the current fiscal 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.