Bank of Montreal Can Sells 62,323 Shares of Under Armour, Inc. (NYSE:UAA)

Bank of Montreal Can cut its position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 53.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,955 shares of the company's stock after selling 62,323 shares during the quarter. Bank of Montreal Can's holdings in Under Armour were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Under Armour by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company's stock worth $134,665,000 after buying an additional 173,817 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Under Armour by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company's stock worth $62,376,000 after acquiring an additional 1,051,143 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Under Armour by 27.2% during the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company's stock valued at $28,712,000 after acquiring an additional 831,202 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Under Armour in the 1st quarter worth about $8,944,000. Finally, Principal Financial Group Inc. boosted its stake in Under Armour by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 710,936 shares of the company's stock worth $5,247,000 after purchasing an additional 17,641 shares in the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Stock Performance

Shares of UAA stock traded down $0.06 during mid-day trading on Friday, reaching $8.30. 8,147,078 shares of the company's stock traded hands, compared to its average volume of 9,986,941. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. The firm has a 50 day moving average price of $7.99 and a two-hundred day moving average price of $7.22. The firm has a market capitalization of $3.59 billion, a PE ratio of -46.11, a price-to-earnings-growth ratio of 4.09 and a beta of 1.66. Under Armour, Inc. has a 12 month low of $6.17 and a 12 month high of $9.50.

Under Armour (NYSE:UAA - Get Free Report) last released its 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. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm posted $0.02 EPS. The firm's quarterly revenue was down 10.1% compared to the same quarter last year. On average, research analysts forecast that Under Armour, Inc. will post 0.21 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Under Armour from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Telsey Advisory Group reiterated a "market perform" rating and set a $7.00 target price on shares of Under Armour in a research note on Monday, August 5th. Barclays boosted their price target on Under Armour from $6.00 to $8.00 and gave the stock an "equal weight" rating in a research note on Friday, August 9th. Truist Financial increased their price objective on Under Armour from $7.00 to $8.00 and gave the company a "hold" rating in a research report on Friday, August 9th. Finally, BMO Capital Markets lifted their price objective on Under Armour from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $7.57.

Under Armour Company Profile

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.