NFJ Investment Group LLC Decreases Stock Holdings in Under Armour, Inc. (NYSE:UAA)

NFJ Investment Group LLC lowered its position in shares of Under Armour, Inc. (NYSE:UAA) by 15.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 707,879 shares of the company’s stock after selling 127,995 shares during the period. NFJ Investment Group LLC’s holdings in Under Armour were worth $6,307,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after acquiring an additional 1,409 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in 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 purchasing an additional 1,409 shares during the period. State of Alaska Department of Revenue raised its position in Under Armour by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after purchasing an additional 1,485 shares during the last quarter. Sei Investments Co. lifted its holdings in Under Armour by 10.2% in the 2nd quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock worth $127,000 after buying an additional 1,764 shares during the period. Finally, Lumbard & Kellner LLC grew its position in shares of Under Armour by 0.4% in the 2nd quarter. Lumbard & Kellner LLC now owns 461,791 shares of the company’s stock worth $3,080,000 after buying an additional 1,949 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. TD Cowen upped their target price on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a report on Monday, November 4th. Telsey Advisory Group restated a “market perform” rating and issued a $8.00 price objective on shares of Under Armour in a report on Monday, November 4th. Truist Financial raised their target price on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Argus upgraded shares of Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Finally, Wells Fargo & Company raised their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Under Armour has an average rating of “Hold” and a consensus price target of $9.03.

Insider Transactions at Under Armour

In related news, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 172,899 shares of the company’s stock, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. The trade was a 5.72 % 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 quarter. 15.60% of the stock is owned by insiders.

Under Armour Price Performance

Under Armour stock opened at $10.19 on Wednesday. Under Armour, Inc. has a 12 month low of $6.17 and a 12 month high of $11.89. The business’s fifty day simple moving average is $9.15 and its two-hundred day simple moving average is $7.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

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.