470,000 Shares in Under Armour, Inc. (NYSE:UAA) Bought by Natixis

Posted by Defense World Staff on Jun 10th, 2023

Natixis purchased a new stake in Under Armour, Inc. (NYSE:UAA – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 470,000 shares of the company’s stock, valued at approximately $4,775,000. Natixis owned about 0.10% of Under Armour at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp lifted its position in shares of Under Armour by 29.7% in the third quarter. State Street Corp now owns 9,284,969 shares of the company’s stock valued at $61,745,000 after buying an additional 2,128,406 shares during the last quarter. Neuberger Berman Group LLC bought a new position in Under Armour during the first quarter worth $29,478,000. Two Sigma Advisers LP increased its holdings in shares of Under Armour by 105.0% in the third quarter. Two Sigma Advisers LP now owns 2,775,900 shares of the company’s stock valued at $18,460,000 after purchasing an additional 1,422,000 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Under Armour in the fourth quarter valued at about $11,737,000. Finally, Balyasny Asset Management LLC lifted its stake in shares of Under Armour by 36.4% during the 3rd quarter. Balyasny Asset Management LLC now owns 4,158,618 shares of the company’s stock worth $27,655,000 after buying an additional 1,109,408 shares during the last quarter. Institutional investors own 33.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UAA shares. StockNews.com initiated coverage on shares of Under Armour in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Barclays decreased their price objective on Under Armour from $9.00 to $8.00 in a report on Wednesday, May 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Under Armour from $14.00 to $12.00 in a research report on Friday, May 5th. William Blair raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Thursday, March 16th. Finally, UBS Group lowered their target price on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, March 29th. Fourteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.80.

Insider Buying and Selling

In other Under Armour news, insider Kevin A. Plank sold 16,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $6.13, for a total transaction of $98,080,000.00. Following the sale, the insider now directly owns 482,451 shares of the company’s stock, valued at approximately $2,957,424.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.40% of the stock is owned by corporate insiders.

Under Armour Stock Performance

NYSE UAA opened at $7.43 on Friday. The firm’s fifty day moving average price is $8.22 and its two-hundred day moving average price is $9.53. The stock has a market cap of $3.30 billion, a PE ratio of 8.64, a PEG ratio of 1.53 and a beta of 1.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.30 and a current ratio of 2.18. Under Armour, Inc. has a fifty-two week low of $6.38 and a fifty-two week high of $13.05.

Under Armour (NYSE:UAA – Get Rating) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Under Armour had a return on equity of 14.44% and a net margin of 6.55%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted ($0.01) EPS. Under Armour’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Under Armour, Inc. will post 0.49 EPS for the current fiscal year.

Under Armour Profile

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Under Armour, Inc engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following geographical segments: North America, EMEA, Asia-Pacific, Latin America, and Other. The company was founded by Kevin A.