Principal Financial Group Inc. Sells 191,418 Shares of Under Armour, Inc. (NYSE:UAA)

Principal Financial Group Inc. lowered its holdings in Under Armour, Inc. (NYSE:UAA) by 30.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 437,584 shares of the company’s stock after selling 191,418 shares during the quarter. Principal Financial Group Inc. owned 0.10% of Under Armour worth $3,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of UAA. Allspring Global Investments Holdings LLC bought a new stake in shares of Under Armour in the third quarter worth $56,000. CWM LLC raised its holdings in Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after purchasing an additional 1,409 shares during the period. City State Bank raised its stake in shares of Under Armour by 292.6% in the third quarter. City State Bank now owns 10,063 shares of the company’s stock worth $90,000 after buying an additional 7,500 shares during the period. Optas LLC purchased a new position in Under Armour during the second quarter valued at approximately $72,000. Finally, Koss Olinger Consulting LLC bought a new position in shares of Under Armour in the second quarter worth about $79,000. 34.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, 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 value of $151,022.40. Following the completion of the sale, the insider now directly owns 182,538 shares in the company, valued at $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 15.60% of the company’s stock.

Under Armour Trading Up 1.9 %

Shares of NYSE UAA opened at $9.29 on Friday. The business’s 50 day moving average price is $8.80 and its 200-day moving average price is $7.69. 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 quick ratio of 1.24 and a current ratio of 2.18. The company has a market cap of $4.02 billion, a price-to-earnings ratio of -307.90, a PEG ratio of 3.51 and a beta of 1.66.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wedbush increased their price objective on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a report on Friday, August 9th. Truist Financial lifted their price target 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. Barclays increased their price objective on shares of Under Armour from $8.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. BMO Capital Markets lifted their target price on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Stifel Nicolaus increased their price target on Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.03.

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.