Under Armour, Inc. (NYSE:UAA) Shares Sold by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC decreased its position in shares of Under Armour, Inc. (NYSE:UAA) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,166 shares of the company’s stock after selling 2,468 shares during the quarter. Sage Private Wealth Group LLC’s holdings in Under Armour were worth $217,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. CWM LLC boosted its stake in Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after purchasing an additional 1,409 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Under Armour by 11.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after buying an additional 1,409 shares during the last quarter. MCF Advisors LLC boosted its position in shares of Under Armour by 7.6% during the fourth quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock worth $167,000 after buying an additional 1,419 shares during the period. Optas LLC grew its holdings in Under Armour by 5.5% in the 4th quarter. Optas LLC now owns 28,519 shares of the company’s stock worth $236,000 after buying an additional 1,484 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Under Armour by 7.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock worth $203,000 after buying an additional 1,485 shares in the last quarter. Institutional investors own 34.58% of the company’s stock.

Insider Activity

In other news, CFO David Bergman sold 30,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction on Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the transaction, the insider now owns 172,899 shares in the company, valued at $1,523,240.19. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock worth $508,642 over the last 90 days. 15.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on UAA shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. Telsey Advisory Group restated a “market perform” rating and set a $10.00 price objective on shares of Under Armour in a research note on Thursday, February 6th. Guggenheim reiterated a “neutral” rating on shares of Under Armour in a research report on Friday, February 7th. 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 research note on Tuesday, January 28th. Finally, Truist Financial upped their price target on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.09.

Under Armour Price Performance

Shares of Under Armour stock opened at $7.19 on Wednesday. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $11.89. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average is $8.51 and its 200-day moving average is $8.49.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter in the prior year, the firm posted $0.19 EPS. Equities research analysts predict that Under Armour, Inc. will post 0.29 EPS for the current fiscal 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.