6,271 Shares in Under Armour, Inc. (NYSE:UAA) Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC acquired a new position in Under Armour, Inc. (NYSE:UAA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,271 shares of the company’s stock, valued at approximately $56,000.

Other large investors also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. acquired a new position in Under Armour during the first quarter worth $8,944,000. Disciplined Growth Investors Inc. MN increased its holdings in Under Armour by 1.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock valued at $36,102,000 after buying an additional 70,731 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in Under Armour by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock valued at $1,216,000 after buying an additional 1,746 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Under Armour by 24.0% in the first quarter. Commonwealth Equity Services LLC now owns 89,941 shares of the company’s stock valued at $664,000 after buying an additional 17,399 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in Under Armour by 40.3% in the first quarter. Blair William & Co. IL now owns 31,158 shares of the company’s stock valued at $230,000 after buying an additional 8,950 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UAA. Morgan Stanley lowered Under Armour from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $8.00 to $4.00 in a report on Tuesday, July 23rd. Wedbush lifted their target price on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Telsey Advisory Group reiterated a “market perform” rating and set a $8.00 target price on shares of Under Armour in a research report on Monday. Truist Financial lifted their target price on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Stifel Nicolaus lifted their target price on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Under Armour presently has a consensus rating of “Hold” and an average price target of $7.94.

Under Armour Price Performance

Shares of UAA opened at $8.64 on Tuesday. Under Armour, Inc. has a twelve month low of $6.17 and a twelve month high of $9.58. The stock’s 50 day moving average is $8.34 and its two-hundred day moving average is $7.45. The firm has a market capitalization of $3.73 billion, a PE ratio of -48.00, a P/E/G ratio of 4.16 and a beta of 1.66. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS. Research analysts anticipate that Under Armour, Inc. will post 0.21 earnings per share for the current year.

About Under Armour

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.