Under Armour, Inc. $UAA Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in Under Armour, Inc. (NYSE:UAA) by 12.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 26,694 shares of the company’s stock after buying an additional 2,868 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Under Armour were worth $167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of UAA. Baader Bank Aktiengesellschaft acquired a new position in Under Armour during the 1st quarter worth $165,000. Federated Hermes Inc. raised its stake in shares of Under Armour by 1.6% during the first quarter. Federated Hermes Inc. now owns 195,512 shares of the company’s stock valued at $1,222,000 after purchasing an additional 3,073 shares in the last quarter. Bryce Point Capital LLC acquired a new stake in Under Armour in the first quarter worth about $102,000. HB Wealth Management LLC acquired a new stake in Under Armour in the first quarter worth about $88,000. Finally, Cetera Investment Advisers grew its position in Under Armour by 79.1% in the 1st quarter. Cetera Investment Advisers now owns 32,196 shares of the company’s stock valued at $201,000 after buying an additional 14,224 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Wall Street Analyst Weigh In

UAA has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target 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. 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 note on Monday, May 12th. Cfra Research raised Under Armour from a “moderate sell” rating to a “hold” rating in a report on Tuesday, August 12th. Citigroup reaffirmed a “neutral” rating and set a $5.50 price target (down from $6.00) on shares of Under Armour in a research note on Monday, August 11th. Finally, Wells Fargo & Company lifted their price target on Under Armour from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Under Armour currently has a consensus rating of “Hold” and a consensus target price of $6.74.

Insiders Place Their Bets

In other Under Armour news, Director Dawn N. Fitzpatrick purchased 100,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average price of $4.93 per share, for a total transaction of $493,000.00. Following the completion of the acquisition, the director owned 133,696 shares of the company’s stock, valued at $659,121.28. This represents a 296.77% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mehri Shadman sold 16,287 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the completion of the sale, the insider directly owned 191,796 shares of the company’s stock, valued at approximately $1,177,627.44. This represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.60% of the stock is owned by corporate insiders.

Under Armour Trading Up 0.2%

Shares of UAA opened at $5.18 on Tuesday. The business’s 50-day moving average price is $6.62 and its 200 day moving average price is $6.53. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.22 billion, a P/E ratio of 23.55, a P/E/G ratio of 2.41 and a beta of 1.61. Under Armour, Inc. has a 1-year low of $4.78 and a 1-year high of $11.89.

Under Armour (NYSE:UAA) last released its earnings results on Friday, August 8th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Under Armour had a return on equity of 7.24% and a net margin of 1.99%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the business earned $0.01 earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. Analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.

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.