Under Armour, Inc. (NYSE:UAA) Shares Acquired by Fmr LLC

FMR LLC boosted its stake in Under Armour, Inc. (NYSE:UAA - Free Report) by 144,746.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,659,823 shares of the company's stock after buying an additional 9,653,154 shares during the period. FMR LLC owned approximately 2.24% of Under Armour worth $86,069,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of Under Armour by 33,725.1% in the 3rd quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company's stock valued at $85,526,000 after acquiring an additional 9,570,512 shares during the period. Dimensional Fund Advisors LP increased its holdings in Under Armour by 12.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company's stock valued at $62,376,000 after purchasing an additional 1,051,143 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Under Armour during the 3rd quarter worth about $1,700,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Under Armour during the third quarter worth about $1,488,000. Finally, Jane Street Group LLC boosted its position in Under Armour by 40.5% in the 1st quarter. Jane Street Group LLC now owns 562,031 shares of the company's stock valued at $4,148,000 after buying an additional 162,013 shares during the period. Institutional investors and hedge funds own 34.58% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays boosted their price target on shares of Under Armour from $8.00 to $12.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Robert W. Baird lifted their price objective on shares of Under Armour from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Argus upgraded shares of Under Armour to a "strong-buy" rating in a research note on Thursday, August 15th. Needham & Company LLC reiterated a "hold" rating on shares of Under Armour in a research note on Friday, November 22nd. Finally, Truist Financial raised 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. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $9.03.

Insider Transactions at Under Armour

In other news, insider Mehri Shadman sold 9,639 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the transaction, the insider now owns 172,899 shares of the company's stock, valued at $1,523,240.19. This represents a 5.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David Bergman sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock worth $508,642 over the last ninety days. 15.60% of the stock is currently owned by corporate insiders.

Under Armour Price Performance

Under Armour stock traded up $0.09 during mid-day trading on Friday, hitting $10.12. 9,758,988 shares of the company were exchanged, compared to its average volume of 10,142,117. The business's 50 day simple moving average is $9.22 and its two-hundred day simple moving average is $7.91. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $11.89. The company has a market capitalization of $4.38 billion, a P/E ratio of -334.33, a PEG ratio of 3.80 and a beta of 1.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

About Under Armour

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.