Principal Financial Group Inc. Trims Holdings in 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 the company in its most recent filing with the SEC. The firm owned 437,584 shares of the company’s stock after selling 191,418 shares during the quarter. Principal Financial Group Inc. owned approximately 0.10% of Under Armour worth $3,899,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UAA. FMR LLC boosted its holdings in Under Armour by 144,746.6% in the third quarter. FMR LLC now owns 9,659,823 shares of the company’s stock valued at $86,069,000 after acquiring an additional 9,653,154 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Under Armour by 33,725.1% during the 3rd quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock valued at $85,526,000 after purchasing an additional 9,570,512 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Under Armour by 12.7% during the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after buying an additional 1,051,143 shares during the period. Disciplined Growth Investors Inc. MN raised its stake in Under Armour by 6.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock worth $51,149,000 after buying an additional 327,979 shares in the last quarter. Finally, Maven Securities LTD lifted its holdings in Under Armour by 11.8% in the second quarter. Maven Securities LTD now owns 1,341,798 shares of the company’s stock worth $8,950,000 after buying an additional 141,556 shares during the period. 34.58% of the stock is currently owned by institutional investors.

Insider Activity

In other Under Armour news, CFO David Bergman sold 30,000 shares of the company’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 value of $272,700.00. Following the completion of the transaction, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the sale, the insider now owns 172,899 shares in the company, valued at $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock valued at $508,642 in the last 90 days. Company insiders own 15.60% of the company’s stock.

Under Armour Stock Down 2.2 %

Shares of UAA stock opened at $8.10 on Friday. 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 12 month low of $6.17 and a 12 month high of $11.89. The stock has a market cap of $3.50 billion, a P/E ratio of -269.91 and a beta of 1.69. The company has a 50 day simple moving average of $9.21 and a two-hundred day simple moving average of $8.19.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays dropped their price target on Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a research report on Friday, December 13th. Wells Fargo & Company lifted their price target on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. BMO Capital Markets upped their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $4.00 target price on shares of Under Armour in a report on Friday, December 13th. Three analysts have rated the stock with a sell rating, thirteen have issued 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, Under Armour presently has an average rating of “Hold” and a consensus target price of $9.28.

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.