Under Armour, Inc. (NYSE:UAA) Stock Position Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in Under Armour, Inc. (NYSE:UAA) by 16.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 165,520 shares of the company’s stock after purchasing an additional 22,930 shares during the quarter. Victory Capital Management Inc.’s holdings in Under Armour were worth $1,104,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hexagon Capital Partners LLC grew its stake in shares of Under Armour by 101.1% in the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after purchasing an additional 1,890 shares in the last quarter. Optas LLC bought a new position in Under Armour during the second quarter valued at about $72,000. Innealta Capital LLC bought a new position in Under Armour during the fourth quarter valued at about $100,000. KG&L Capital Management LLC bought a new position in Under Armour during the first quarter valued at about $98,000. Finally, MCF Advisors LLC bought a new position in Under Armour during the second quarter valued at about $125,000. Institutional investors own 34.58% of the company’s stock.

Under Armour Stock Performance

UAA opened at $7.93 on Friday. The company has a market cap of $3.46 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 3.83 and a beta of 1.65. The stock has a 50-day moving average of $7.44 and a 200-day moving average of $7.15. Under Armour, Inc. has a 52-week low of $6.17 and a 52-week high of $9.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.09. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 EPS. As a group, equities research analysts forecast that Under Armour, Inc. will post 0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

UAA has been the subject of several research reports. Barclays raised their target price on Under Armour from $6.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Stifel Nicolaus raised their target price on Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Morgan Stanley cut Under Armour from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $8.00 to $4.00 in a research note on Tuesday, July 23rd. Argus raised Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Truist Financial upped their target price on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.57.

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.