Teacher Retirement System of Texas Sells 10,207 Shares of Under Armour, Inc. (NYSE:UAA)

Teacher Retirement System of Texas trimmed its position in Under Armour, Inc. (NYSE:UAA) by 27.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,605 shares of the company’s stock after selling 10,207 shares during the period. Teacher Retirement System of Texas’ holdings in Under Armour were worth $173,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Mariner LLC boosted its holdings in Under Armour by 10.0% in the 4th quarter. Mariner LLC now owns 17,006 shares of the company’s stock valued at $141,000 after purchasing an additional 1,552 shares during the period. Beacon Pointe Advisors LLC raised its position in shares of Under Armour by 10.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 21,470 shares of the company’s stock valued at $178,000 after buying an additional 2,080 shares in the last quarter. Swiss National Bank raised its position in shares of Under Armour by 0.8% during the 4th quarter. Swiss National Bank now owns 371,400 shares of the company’s stock valued at $3,075,000 after buying an additional 2,800 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of Under Armour by 4.6% during the 1st quarter. Yousif Capital Management LLC now owns 68,911 shares of the company’s stock valued at $431,000 after buying an additional 3,024 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Under Armour by 30.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,035 shares of the company’s stock valued at $149,000 after buying an additional 4,175 shares in the last quarter. 34.58% of the stock is owned by institutional investors.

Under Armour Stock Performance

UAA opened at $6.86 on Monday. The stock has a market cap of $2.95 billion, a P/E ratio of -14.60, a P/E/G ratio of 0.95 and a beta of 1.61. The firm has a fifty day moving average price of $6.74 and a 200 day moving average price of $6.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.10 and a quick ratio of 1.25. Under Armour, Inc. has a 1 year low of $4.78 and a 1 year high of $11.89.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. Under Armour had a negative net margin of 3.90% and a positive return on equity of 7.04%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company posted $0.11 EPS. The company’s revenue was down 11.4% compared to the same quarter last year. Equities research analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Insider Buying and Selling

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total value of $100,002.18. Following the transaction, the insider directly owned 191,796 shares in the company, valued at $1,177,627.44. This represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on UAA shares. Stifel Nicolaus lowered their price objective on shares of Under Armour from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. BMO Capital Markets lowered their price objective on shares of Under Armour from $12.00 to $9.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 14th. Barclays lowered their price objective on shares of Under Armour from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, May 12th. Truist Financial lowered their price objective on shares of Under Armour from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group assumed coverage on shares of Under Armour in a research report on Wednesday, July 2nd. They issued a “neutral” rating and a $7.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.31.

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.