Victory Capital Management Inc. Sells 17,143 Shares of Under Armour, Inc. (NYSE:UAA)

Victory Capital Management Inc. decreased its stake in Under Armour, Inc. (NYSE:UAA) by 10.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 148,377 shares of the company’s stock after selling 17,143 shares during the period. Victory Capital Management Inc.’s holdings in Under Armour were worth $1,322,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Under Armour in the 3rd quarter worth approximately $56,000. Optas LLC bought a new stake in shares of Under Armour in the second quarter valued at $72,000. CWM LLC raised its stake in shares of Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying an additional 1,409 shares during the period. Koss Olinger Consulting LLC purchased a new position in shares of Under Armour during the 2nd quarter valued at $79,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Under Armour during the 2nd quarter worth $80,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. TD Cowen boosted their price objective on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Stifel Nicolaus boosted their price target on shares of Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Truist Financial raised their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Wedbush lifted their price objective on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, UBS Group increased their target price on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and a consensus target price of $9.03.

Under Armour Stock Down 1.1 %

UAA stock opened at $9.69 on Wednesday. The company’s 50 day moving average is $8.91 and its 200 day moving average is $7.75. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of -314.90, a price-to-earnings-growth ratio of 3.56 and a beta of 1.66. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89.

Insiders Place Their Bets

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the sale, the insider now owns 172,899 shares of the company’s stock, valued at $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 15.60% of the company’s stock.

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.