Under Armour, Inc. (NYSE:UAA) Shares Bought by Maven Securities LTD

Maven Securities LTD increased its stake in Under Armour, Inc. (NYSE:UAA) by 11.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,341,798 shares of the company’s stock after buying an additional 141,556 shares during the quarter. Under Armour comprises 0.2% of Maven Securities LTD’s portfolio, making the stock its 14th largest position. Maven Securities LTD’s holdings in Under Armour were worth $8,950,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of UAA. Hexagon Capital Partners LLC lifted its holdings in Under Armour by 101.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after buying an additional 1,890 shares in the last quarter. Optas LLC acquired a new position in shares of Under Armour in the second quarter worth about $72,000. Koss Olinger Consulting LLC purchased a new position in Under Armour in the second quarter valued at about $79,000. DekaBank Deutsche Girozentrale acquired a new stake in Under Armour during the 2nd quarter valued at approximately $80,000. Finally, Qsemble Capital Management LP purchased a new stake in Under Armour during the 2nd quarter worth approximately $93,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Price Performance

Shares of UAA opened at $8.86 on Wednesday. Under Armour, Inc. has a 12 month low of $6.17 and a 12 month high of $9.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. The stock has a fifty day moving average price of $7.67 and a 200 day moving average price of $7.13. The company has a market cap of $3.83 billion, a P/E ratio of 16.41, a PEG ratio of 4.32 and a beta of 1.65.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.09. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $0.02 earnings per share. The company’s quarterly revenue was down 10.1% on a year-over-year basis. On average, research analysts forecast that Under Armour, Inc. will post 0.21 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on UAA shares. Truist Financial raised their price target on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Barclays boosted their target price on shares of Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Stifel Nicolaus increased their price target on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Wedbush upped their price objective on Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Morgan Stanley lowered Under Armour from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $8.00 to $4.00 in a research report on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.57.

Under Armour 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.