NFJ Investment Group LLC Sells 127,995 Shares of Under Armour, Inc. (NYSE:UAA)

NFJ Investment Group LLC trimmed its position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 15.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 707,879 shares of the company's stock after selling 127,995 shares during the quarter. NFJ Investment Group LLC owned approximately 0.16% of Under Armour worth $6,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. FMR LLC raised its stake in shares of Under Armour by 144,746.6% in the 3rd quarter. FMR LLC now owns 9,659,823 shares of the company's stock valued at $86,069,000 after acquiring an additional 9,653,154 shares in the last quarter. 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 acquiring an additional 1,051,143 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its stake in shares of Under Armour by 1.3% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company's stock valued at $36,102,000 after acquiring an additional 70,731 shares in the last quarter. Finally, Maven Securities LTD raised its stake in shares of Under Armour by 11.8% in the 2nd quarter. Maven Securities LTD now owns 1,341,798 shares of the company's stock valued at $8,950,000 after acquiring an additional 141,556 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company lifted their price target on Under Armour from $8.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. BMO Capital Markets lifted their price target on Under Armour from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Truist Financial lifted their price target on Under Armour from $8.00 to $11.00 and gave the stock a "hold" rating in a research report on Friday, November 8th. Stifel Nicolaus lifted their price target on Under Armour from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Finally, Argus raised Under Armour to a "strong-buy" rating in a report on Thursday, August 15th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong 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 $9.03.

Insiders Place Their Bets

In other news, CFO David Bergman sold 30,000 shares of the business's stock in a transaction 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 owns 494,210 shares in the company, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mehri Shadman sold 9,639 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the sale, the insider now owns 172,899 shares of the company's stock, valued at approximately $1,523,240.19. The trade was a 5.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is currently owned by corporate insiders.

Under Armour Stock Performance

Under Armour stock traded down $0.08 on Wednesday, reaching $10.10. The company's stock had a trading volume of 5,118,946 shares, compared to its average volume of 10,150,370. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. The business's fifty day moving average price is $9.15 and its 200 day moving average price is $7.88. Under Armour, Inc. has a twelve month low of $6.17 and a twelve month high of $11.89.

Under Armour Company 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.