Versant Capital Management Inc Buys 3,885 Shares of Under Armour, Inc. (NYSE:UAA)

Versant Capital Management Inc lifted its position in Under Armour, Inc. (NYSE:UAA) by 63.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,037 shares of the company’s stock after buying an additional 3,885 shares during the quarter. Versant Capital Management Inc’s holdings in Under Armour were worth $83,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UAA. FMR LLC lifted its stake in Under Armour by 144,746.6% in the third quarter. FMR LLC now owns 9,659,823 shares of the company’s stock valued at $86,069,000 after acquiring an additional 9,653,154 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Under Armour by 33,725.1% in the 3rd quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock valued at $85,526,000 after purchasing an additional 9,570,512 shares during the period. Dimensional Fund Advisors LP lifted its stake in Under Armour by 12.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after purchasing an additional 1,051,143 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Under Armour by 195.8% during the third quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock worth $8,048,000 after purchasing an additional 597,943 shares during the period. Finally, Disciplined Growth Investors Inc. MN increased its position in Under Armour by 6.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock worth $51,149,000 after buying an additional 327,979 shares during the last quarter. 34.58% of the stock is owned by institutional investors.

Insider Activity

In other Under Armour 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 sale, the chief financial officer now owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the transaction, the insider now directly owns 182,538 shares of the company’s stock, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by corporate insiders.

Under Armour Trading Up 3.2 %

UAA opened at $8.36 on Friday. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of -278.57 and a beta of 1.69. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a twelve month low of $6.17 and a twelve month high of $11.89. The company has a 50-day simple moving average of $9.20 and a 200 day simple moving average of $8.20.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UAA shares. UBS Group raised their price objective on Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Barclays cut their price target on Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. TD Cowen upped their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, December 13th. BMO Capital Markets raised their target price on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Robert W. Baird upped their price target on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.28.

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.