WJ Financial Advisors LLC acquired a new position in shares of Under Armour, Inc. (NYSE:UAA – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 85,221 shares of the company’s stock, valued at approximately $504,000.
A number of other large investors have also made changes to their positions in UAA. Blair William & Co. IL grew its position in Under Armour by 40.0% during the fourth quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock worth $26,000 after buying an additional 1,476 shares in the last quarter. State of Wyoming acquired a new position in Under Armour in the 2nd quarter valued at approximately $44,000. Hantz Financial Services Inc. raised its holdings in Under Armour by 202.7% in the 4th quarter. Hantz Financial Services Inc. now owns 8,455 shares of the company’s stock valued at $42,000 after acquiring an additional 5,662 shares in the last quarter. Equitable Holdings Inc. bought a new stake in shares of Under Armour in the 4th quarter worth approximately $51,000. Finally, Portside Wealth Group LLC bought a new stake in shares of Under Armour in the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 34.58% of the company’s stock.
Under Armour Stock Down 0.4%
UAA opened at $6.76 on Tuesday. The firm’s 50-day simple moving average is $5.92 and its 200-day simple moving average is $6.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.62. Under Armour, Inc. has a twelve month low of $4.13 and a twelve month high of $8.15. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of -5.83, a PEG ratio of 2.15 and a beta of 1.67.
Insider Activity
In other Under Armour news, major shareholder V Prem Et Al Watsa bought 739,521 shares of Under Armour stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $4.97 per share, with a total value of $3,675,419.37. Following the acquisition, the insider directly owned 44,179,116 shares of the company’s stock, valued at $219,570,206.52. The trade was a 1.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 1,178,344 shares of company stock valued at $5,865,147 in the last three months. Insiders own 15.60% of the company’s stock.
Wall Street Analyst Weigh In
UAA has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Under Armour in a research report on Friday, April 24th. Barclays set a $5.00 target price on Under Armour and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Stifel Nicolaus set a $6.00 price target on shares of Under Armour and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Wall Street Zen raised shares of Under Armour from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Truist Financial dropped their price objective on shares of Under Armour from $8.00 to $5.00 and set a “hold” rating for the company in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $5.91.
View Our Latest Analysis on UAA
About Under Armour
Under Armour, Inc (NYSE: UAA) is a global designer, marketer and distributor of performance athletic apparel, footwear and accessories. The company’s product portfolio spans a range of categories including training and running shoes, performance apparel engineered to manage moisture and temperature, and a variety of accessories such as bags, socks and headwear. Under Armour positions its offerings to serve athletes at every level—from professionals to everyday fitness enthusiasts—by combining innovative fabrics, advanced footwear technology and functional design.
Founded in 1996 by Kevin Plank, a former University of Maryland football player, Under Armour initially gained recognition for its moisture-wicking T-shirts, which provided a lightweight alternative to traditional cotton.
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