Thrivent Financial for Lutherans Sells 1,258 Shares of Under Armour, Inc. (NYSE:UAA)

Thrivent Financial for Lutherans trimmed its position in shares of Under Armour, Inc. (NYSE:UAA) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,704 shares of the company’s stock after selling 1,258 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Under Armour were worth $398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UAA. Allspring Global Investments Holdings LLC bought a new position in shares of Under Armour during the third quarter worth $56,000. Optas LLC bought a new position in shares of Under Armour during the second quarter worth $72,000. CWM LLC boosted its position in shares of Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after purchasing an additional 1,409 shares in the last quarter. Koss Olinger Consulting LLC bought a new position in shares of Under Armour during the second quarter worth $79,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Under Armour during the second quarter worth $80,000. 34.58% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated Monday, December 2nd. The shares were 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 of the company’s stock, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the sale, the insider now directly owns 182,538 shares of the company’s stock, valued at $1,599,032.88. The trade was a 8.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,879 shares of company stock valued at $508,642. Company insiders own 15.60% of the company’s stock.

Under Armour Stock Down 1.4 %

Under Armour stock opened at $10.03 on Friday. The firm has a market capitalization of $4.34 billion, a PE ratio of -334.33, a P/E/G ratio of 3.80 and a beta of 1.69. The company’s 50-day moving average is $9.22 and its 200-day moving average is $7.91. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wedbush raised their price objective on shares of Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a report on Friday, August 9th. TD Cowen raised their price objective on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Argus upgraded shares of Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Telsey Advisory Group restated a “market perform” rating and set a $8.00 price objective on shares of Under Armour in a report on Monday, November 4th. Finally, Robert W. Baird raised their price objective on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.03.

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.