Sei Investments Co. purchased a new position in shares of Under Armour, Inc. (NYSE:UAA – Free Report) in the 1st quarter, Holdings Channel reports. The firm purchased 204,004 shares of the company’s stock, valued at approximately $1,206,000.
Several other large investors have also added to or reduced their stakes in the business. Blair William & Co. IL grew its position in Under Armour by 40.0% in the fourth quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock valued at $26,000 after purchasing an additional 1,476 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of 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. State of Wyoming bought a new position in shares of Under Armour in the 2nd quarter valued at about $44,000. Equitable Holdings Inc. acquired a new stake in shares of Under Armour in the fourth quarter valued at about $51,000. Finally, Jacobi Capital Management LLC acquired a new stake in shares of Under Armour in the fourth quarter valued at about $53,000. Institutional investors and hedge funds own 34.58% of the company’s stock.
Under Armour Trading Down 8.9%
Shares of UAA stock opened at $5.34 on Wednesday. Under Armour, Inc. has a 12-month low of $4.13 and a 12-month high of $8.15. The company has a market capitalization of $2.28 billion, a PE ratio of -4.65, a price-to-earnings-growth ratio of 1.97 and a beta of 1.67. The firm has a 50 day moving average price of $6.41 and a two-hundred day moving average price of $6.36. The company has a quick ratio of 0.96, a current ratio of 1.81 and a debt-to-equity ratio of 0.41.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $6.00 price target on shares of Under Armour in a research report on Wednesday, May 13th. Telsey Advisory Group cut their price objective on Under Armour from $6.00 to $5.50 and set a “market perform” rating for the company in a report on Wednesday, May 13th. Wall Street Zen raised shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. UBS Group set a $9.00 target price on shares of Under Armour and gave the stock a “buy” rating in a report on Monday. Finally, Citigroup reaffirmed a “sell” rating and set a $4.75 price target (down from $6.20) on shares of Under Armour in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $5.94.
View Our Latest Stock Analysis on Under Armour
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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