Stifel Financial Corp Grows Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Stifel Financial Corp increased its holdings in Under Armour, Inc. (NYSE:UAA) by 85.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,671 shares of the company’s stock after purchasing an additional 30,755 shares during the quarter. Stifel Financial Corp’s holdings in Under Armour were worth $594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Quantbot Technologies LP lifted its holdings in Under Armour by 288.1% in the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after buying an additional 314,226 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in Under Armour by 1.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after acquiring an additional 70,731 shares during the period. China Universal Asset Management Co. Ltd. bought a new stake in Under Armour in the third quarter valued at $576,000. International Assets Investment Management LLC increased its position in Under Armour by 2,413.5% during the 3rd quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock valued at $638,000 after purchasing an additional 68,786 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Under Armour by 48.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock worth $5,470,000 after purchasing an additional 199,348 shares during the period. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Stock Performance

Shares of NYSE UAA opened at $8.42 on Thursday. The firm’s 50-day moving average price is $9.32 and its 200-day moving average price is $8.13. Under Armour, Inc. has a 52-week low of $6.17 and a 52-week high of $11.89. The company has a market cap of $3.64 billion, a PE ratio of -280.57 and a beta of 1.69. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30.

Insider Buying and Selling

In other Under Armour news, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the transaction, the insider now directly owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the sale, the chief financial officer now owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research report on Friday, December 13th. BMO Capital Markets lifted their price target on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. TD Cowen boosted their target price on shares of Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, December 13th. Wells Fargo & Company upped their target price on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, Barclays lowered their price target on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.28.

Under Armour Profile

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.