Empowered Funds LLC purchased a new position in Under Armour, Inc. (NYSE:UAA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,762 shares of the company's stock, valued at approximately $412,000.
Other hedge funds have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock worth $26,000 after purchasing an additional 1,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Under Armour in the fourth quarter worth about $27,000. Allspring Global Investments Holdings LLC bought a new position in shares of Under Armour in the third quarter worth about $56,000. CWM LLC grew its holdings in shares of Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company's stock worth $73,000 after purchasing an additional 1,409 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Under Armour by 63.2% in the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company's stock worth $83,000 after acquiring an additional 3,885 shares during the period. 34.58% of the stock is currently owned by institutional investors.
Insider Activity at Under Armour
In related news, CFO David Bergman sold 30,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were 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 $4,492,368.90. This trade represents a 5.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.60% of the stock is currently owned by insiders.
Under Armour Stock Performance
Shares of Under Armour stock traded down $0.07 during midday trading on Friday, hitting $7.10. The company had a trading volume of 5,312,745 shares, compared to its average volume of 10,190,635. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of -24.47 and a beta of 1.69. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $8.10 and a 200 day simple moving average of $8.48. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $11.89.
Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period last year, the company posted $0.19 earnings per share. As a group, analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on UAA. Argus lowered shares of Under Armour from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. Barclays lowered their price objective on shares of Under Armour from $11.00 to $8.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Truist Financial upped their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. Wells Fargo & Company upped their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $4.00 price objective on shares of Under Armour in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.09.
Check Out Our Latest Research Report on UAA
Under Armour Profile
(
Free Report)
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.
Featured Articles
Before you consider Under Armour, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Under Armour wasn't on the list.
While Under Armour currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
