Versant Capital Management Inc Has $83,000 Stock Position in Under Armour, Inc. (NYSE:UAA)

Versant Capital Management Inc raised its stake in Under Armour, Inc. (NYSE:UAA) by 63.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,037 shares of the company’s stock after acquiring an additional 3,885 shares during the quarter. Versant Capital Management Inc’s holdings in Under Armour were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. grew its stake in shares of Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after purchasing an additional 1,800 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Under Armour during the 3rd quarter worth $56,000. CWM LLC boosted its position in Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying an additional 1,409 shares during the last quarter. City State Bank increased its stake in shares of Under Armour by 292.6% in the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock valued at $90,000 after buying an additional 7,500 shares during the period. Finally, Baker Avenue Asset Management LP bought a new stake in shares of Under Armour during the third quarter worth $92,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on UAA shares. Morgan Stanley reiterated an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a report on Friday, December 13th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a research note on Friday, December 13th. Wells Fargo & Company boosted their price target on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. UBS Group raised their price objective on shares of Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Truist Financial upped their target price on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Under Armour currently has an average rating of “Hold” and a consensus target price of $9.28.

Under Armour Trading Up 3.2 %

UAA opened at $8.36 on Friday. The stock has a market capitalization of $3.61 billion, a P/E ratio of -278.57 and a beta of 1.69. 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 firm’s fifty day simple moving average is $9.20 and its 200 day simple moving average is $8.20.

Insider Activity

In related news, insider Mehri Shadman sold 9,639 shares of the 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 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction 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 completion of the sale, the chief financial officer now owns 494,210 shares in the company, valued at $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 have sold a total of 56,879 shares of company stock worth $508,642 over the last three months. Corporate insiders own 15.60% of the company’s stock.

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.