Virtu Financial LLC Makes New $440,000 Investment in Under Armour, Inc. (NYSE:UAA)

Virtu Financial LLC purchased a new position in shares of Under Armour, Inc. (NYSE:UAA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 50,055 shares of the company’s stock, valued at approximately $440,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Keener Financial Planning LLC bought a new stake in shares of Under Armour in the 4th quarter valued at about $26,000. Global Retirement Partners LLC grew its stake in Under Armour by 43.3% in the 4th quarter. Global Retirement Partners LLC now owns 6,769 shares of the company’s stock valued at $59,000 after buying an additional 2,044 shares during the last quarter. M&T Bank Corp acquired a new position in Under Armour in the 4th quarter valued at about $91,000. Innealta Capital LLC acquired a new position in Under Armour in the 4th quarter valued at about $100,000. Finally, MQS Management LLC acquired a new position in Under Armour in the 3rd quarter valued at about $115,000. 34.58% of the stock is owned by institutional investors.

Under Armour Trading Up 0.3 %

UAA opened at $6.96 on Wednesday. Under Armour, Inc. has a twelve month low of $6.18 and a twelve month high of $9.50. The company has a quick ratio of 1.63, a current ratio of 2.46 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average of $6.78 and a 200-day moving average of $7.61. The stock has a market cap of $3.04 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. Under Armour had a net margin of 4.19% and a return on equity of 11.95%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the company posted $0.18 earnings per share. Under Armour’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, sell-side analysts predict that Under Armour, Inc. will post 0.2 EPS for the current year.

Under Armour announced that its board has authorized a stock buyback program on Thursday, May 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 16.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have issued reports on UAA. BMO Capital Markets decreased their target price on shares of Under Armour from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, May 17th. Wells Fargo & Company decreased their target price on shares of Under Armour from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Friday, May 17th. Oppenheimer lowered shares of Under Armour from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 23rd. Truist Financial decreased their target price on shares of Under Armour from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Friday, May 17th. Finally, JPMorgan Chase & Co. lowered shares of Under Armour from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $8.00 to $6.00 in a research report on Thursday, May 16th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.32.

Under Armour Company Profile

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.