State of Alaska Department of Revenue Has $203,000 Stock Holdings in Under Armour, Inc. (NYSE:UAA)

State of Alaska Department of Revenue lifted its position in shares of Under Armour, Inc. (NYSE:UAA) by 7.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,835 shares of the company’s stock after purchasing an additional 1,485 shares during the period. State of Alaska Department of Revenue’s holdings in Under Armour were worth $203,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Under Armour by 11.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock worth $123,000 after purchasing an additional 1,409 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Under Armour by 2,413.5% during the 3rd quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock worth $638,000 after purchasing an additional 68,786 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Under Armour during the 3rd quarter worth about $56,000. Aaron Wealth Advisors LLC acquired a new position in shares of Under Armour during the 3rd quarter worth about $241,000. Finally, nVerses Capital LLC acquired a new position in shares of Under Armour during the 3rd quarter worth about $276,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Stock Performance

Shares of NYSE:UAA opened at $9.68 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. The firm has a market cap of $4.18 billion, a PE ratio of -53.77, a PEG ratio of 4.06 and a beta of 1.66. The company’s 50 day moving average price is $8.47 and its two-hundred day moving average price is $7.52. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $11.89.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.11. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. Equities research analysts predict that Under Armour, Inc. will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wedbush increased their price target on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a report on Friday, August 9th. Morgan Stanley cut shares of Under Armour from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. Wells Fargo & Company increased their price target on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday. BMO Capital Markets increased their price target on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Truist Financial increased their price target on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.78.

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.