Moors & Cabot Inc. Sells 1,525 Shares of Under Armour, Inc. (NYSE:UAA)

Moors & Cabot Inc. trimmed its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 6.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,185 shares of the company’s stock after selling 1,525 shares during the period. Moors & Cabot Inc.’s holdings in Under Armour were worth $153,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Under Armour by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 20,911,825 shares of the company’s stock worth $355,918,000 after buying an additional 1,017,211 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Under Armour by 3.1% during the 3rd quarter. BlackRock Inc. now owns 16,901,026 shares of the company’s stock worth $112,390,000 after buying an additional 511,664 shares in the last quarter. State Street Corp boosted its holdings in shares of Under Armour by 29.7% during the 3rd quarter. State Street Corp now owns 9,284,969 shares of the company’s stock worth $61,745,000 after buying an additional 2,128,406 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Under Armour by 64.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,497,305 shares of the company’s stock worth $32,470,000 after purchasing an additional 1,768,346 shares during the period. Finally, Balyasny Asset Management LLC raised its position in shares of Under Armour by 36.4% during the third quarter. Balyasny Asset Management LLC now owns 4,158,618 shares of the company’s stock worth $27,655,000 after purchasing an additional 1,109,408 shares during the period. 38.45% of the stock is currently owned by institutional investors.

Under Armour Stock Up 0.1 %

UAA stock opened at $7.69 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.24. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 1.66 and a beta of 1.69. Under Armour, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $13.05. The stock has a fifty day moving average of $7.03 and a 200-day moving average of $7.42.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. Under Armour had a return on equity of 14.01% and a net margin of 7.00%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 EPS. As a group, equities research analysts predict that Under Armour, Inc. will post 0.49 earnings per share for the current year.

Analysts Set New Price Targets

UAA has been the topic of a number of research reports. StockNews.com initiated coverage on Under Armour in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Truist Financial started coverage on Under Armour in a research report on Friday. They set a “hold” rating and a $8.00 target price on the stock. Evercore ISI started coverage on Under Armour in a research report on Tuesday, November 7th. They issued an “inline” rating and a $8.00 price target for the company. TheStreet lowered Under Armour from a “c-” rating to a “d” rating in a research report on Tuesday, August 8th. Finally, Piper Sandler lowered their price target on Under Armour from $10.00 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, November 9th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.20.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.