Victory Capital Management Inc. Cuts Stake in Under Armour, Inc. (NYSE:UAA)

Victory Capital Management Inc. cut its holdings in Under Armour, Inc. (NYSE:UAA) by 10.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,377 shares of the company’s stock after selling 17,143 shares during the period. Victory Capital Management Inc.’s holdings in Under Armour were worth $1,322,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its holdings in shares of Under Armour by 3,262.0% in the first quarter. Russell Investments Group Ltd. now owns 33,317 shares of the company’s stock worth $246,000 after buying an additional 32,326 shares during the period. Vanguard Group Inc. lifted its position in Under Armour by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock valued at $134,665,000 after purchasing an additional 173,817 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Under Armour during the first quarter valued at approximately $255,000. Price T Rowe Associates Inc. MD increased its stake in shares of Under Armour by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 93,829 shares of the company’s stock worth $693,000 after buying an additional 6,107 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Under Armour by 27.2% in the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock worth $28,712,000 after buying an additional 831,202 shares during the period. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Stock Down 1.1 %

Shares of Under Armour stock opened at $9.69 on Wednesday. Under Armour, Inc. has a 1 year low of $6.17 and a 1 year high of $11.89. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of -314.90, a PEG ratio of 3.56 and a beta of 1.66. The company has a 50-day moving average of $8.91 and a 200 day moving average of $7.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

Analyst Ratings Changes

Several equities research analysts have weighed in on UAA shares. Truist Financial increased their price target 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. UBS Group increased their target price on shares of Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Stifel Nicolaus boosted their price target on Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, August 9th. Wedbush increased their price objective on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, TD Cowen lifted their price objective on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.03.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares of the company’s stock, valued at $1,599,032.88. The trade was a 8.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 15.60% of the company’s stock.

Under Armour 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.