Under Armour, Inc. (NYSE:UAA) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its stake in shares of Under Armour, Inc. (NYSE:UAA) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 223,553 shares of the company’s stock after selling 12,026 shares during the period. State of New Jersey Common Pension Fund D owned about 0.05% of Under Armour worth $1,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA purchased a new stake in shares of Under Armour during the 4th quarter worth approximately $25,000. Nomura Asset Management Co. Ltd. boosted its position in Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after purchasing an additional 1,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Under Armour during the fourth quarter worth $27,000. Allspring Global Investments Holdings LLC acquired a new stake in Under Armour in the third quarter valued at $56,000. Finally, Versant Capital Management Inc increased its position in shares of Under Armour by 63.2% in the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock valued at $83,000 after buying an additional 3,885 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Under Armour news, CFO David Bergman sold 30,000 shares of Under Armour 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 transaction, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 15.60% of the company’s stock.

Under Armour Stock Down 1.5 %

Shares of UAA opened at $7.10 on Wednesday. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The company’s fifty day moving average is $8.01 and its two-hundred day moving average is $8.50. The firm has a market cap of $3.05 billion, a PE ratio of -24.50 and a beta of 1.69. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last issued its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the previous year, the company earned $0.19 EPS. Analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UAA has been the topic of several recent research reports. Barclays decreased their price objective on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Robert W. Baird upped their price target on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Guggenheim reissued a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Truist Financial upped their target price on Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Finally, Argus downgraded Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.09.

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.