Under Armour, Inc. (NYSE:UAA) Shares Bought by KBC Group NV

KBC Group NV raised its position in shares of Under Armour, Inc. (NYSE:UAA) by 27.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,588 shares of the company’s stock after acquiring an additional 2,929 shares during the quarter. KBC Group NV’s holdings in Under Armour were worth $113,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in 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 buying an additional 1,409 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Under Armour by 11.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after buying an additional 1,409 shares during the period. MCF Advisors LLC lifted its holdings in Under Armour by 7.6% in the fourth quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock valued at $167,000 after acquiring an additional 1,419 shares during the last quarter. State of Alaska Department of Revenue grew its position in Under Armour by 7.0% in the third quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock worth $203,000 after acquiring an additional 1,485 shares during the period. Finally, Sei Investments Co. increased its stake in Under Armour by 10.2% during the second quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock worth $127,000 after acquiring an additional 1,764 shares during the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Under Armour news, CFO David Bergman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction 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 trade represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. The trade was a 8.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,879 shares of company stock worth $508,642. Corporate insiders own 15.60% of the company’s stock.

Under Armour Stock Performance

Shares of Under Armour stock opened at $7.29 on Friday. The business has a 50-day simple moving average of $8.67 and a 200-day simple moving average of $8.45. The company has a market cap of $3.15 billion, a PE ratio of -242.75 and a beta of 1.69. Under Armour, Inc. has a one year low of $6.17 and a one year high of $11.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 0.27% and a positive return on equity of 13.20%. During the same quarter in the previous year, the firm posted $0.19 earnings per share. On average, equities research analysts forecast that Under Armour, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday. TD Cowen upped their target price on shares of Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, December 13th. UBS Group dropped their price target on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Morgan Stanley restated an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a report on Friday, December 13th. Finally, Truist Financial lifted their target price on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.22.

Under Armour Company 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.