Under Armour, Inc. (NYSE:UAA) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 43.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 753,862 shares of the company’s stock after selling 575,326 shares during the period. BNP Paribas Financial Markets’ holdings in Under Armour were worth $5,564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UAA. Dimensional Fund Advisors LP grew its holdings in Under Armour by 29.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock worth $62,893,000 after acquiring an additional 1,636,634 shares during the period. Vanguard Group Inc. grew its holdings in Under Armour by 7.5% during the third quarter. Vanguard Group Inc. now owns 18,196,402 shares of the company’s stock worth $124,645,000 after acquiring an additional 1,269,037 shares during the period. Norges Bank acquired a new position in Under Armour during the fourth quarter worth $10,348,000. OPTIMAS CAPITAL Ltd acquired a new position in Under Armour during the fourth quarter worth $3,158,000. Finally, Simplicity Wealth LLC acquired a new position in Under Armour during the first quarter worth $2,566,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Truist Financial lowered their target price on Under Armour from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, May 17th. BMO Capital Markets lowered their target price on Under Armour from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, May 17th. Williams Trading reissued a “hold” rating and issued a $8.00 target price on shares of Under Armour in a report on Thursday, March 14th. Bank of America lowered their target price on Under Armour from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, May 17th. Finally, Wells Fargo & Company lowered their target price on Under Armour from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, May 17th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Under Armour presently has a consensus rating of “Hold” and an average price target of $7.32.

Under Armour Price Performance

UAA stock opened at $6.98 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.46. Under Armour, Inc. has a 1 year low of $6.18 and a 1 year high of $9.50. The firm has a market cap of $3.05 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 3.50 and a beta of 1.67. The stock has a 50-day simple moving average of $6.81 and a 200-day simple moving average of $7.39.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, May 16th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business posted $0.18 EPS. Under Armour’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities analysts predict that Under Armour, Inc. will post 0.2 earnings per share for the current fiscal year.

Under Armour announced that its Board of Directors has initiated a stock repurchase program on Thursday, May 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 16.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.