Brown Brothers Harriman & Co. Takes Position in Under Armour, Inc. (NYSE:UAA)

Brown Brothers Harriman & Co. acquired a new stake in shares of Under Armour, Inc. (NYSE:UAA) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 33,334 shares of the company’s stock, valued at approximately $297,000.

Other institutional investors have also recently modified their holdings of the company. Disciplined Growth Investors Inc. MN increased its position in shares of Under Armour by 1.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock valued at $36,102,000 after purchasing an additional 70,731 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Under Armour during the 3rd quarter valued at about $576,000. International Assets Investment Management LLC boosted its holdings in Under Armour by 2,413.5% during the 3rd quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock valued at $638,000 after acquiring an additional 68,786 shares during the period. Jane Street Group LLC boosted its holdings in Under Armour by 40.5% during the 1st quarter. Jane Street Group LLC now owns 562,031 shares of the company’s stock valued at $4,148,000 after acquiring an additional 162,013 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Under Armour by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock valued at $134,665,000 after acquiring an additional 173,817 shares during the period. 34.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on UAA. Robert W. Baird increased their target price on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. TD Cowen increased 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. BMO Capital Markets increased their target price on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Truist Financial increased their price objective on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, Barclays increased their price objective on Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Under Armour presently has a consensus rating of “Hold” and an average price target of $9.03.

Insider Buying and Selling at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the transaction, the insider now owns 172,899 shares in the company, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 15.60% of the stock is owned by corporate insiders.

Under Armour Price Performance

Shares of UAA opened at $9.70 on Thursday. The firm has a market capitalization of $4.19 billion, a PE ratio of -322.89, a price-to-earnings-growth ratio of 3.66 and a beta of 1.66. 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, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89. The company’s fifty day moving average price is $8.95 and its 200-day moving average price is $7.77.

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.