Harbor Capital Advisors Inc. Acquires 18,906 Shares of Under Armour, Inc. (NYSE:UAA)

Harbor Capital Advisors Inc. boosted its stake in shares of Under Armour, Inc. (NYSE:UAA) by 40.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 66,001 shares of the company’s stock after buying an additional 18,906 shares during the period. Harbor Capital Advisors Inc.’s holdings in Under Armour were worth $546,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its holdings in shares of Under Armour by 14.7% during the second quarter. Commonwealth Equity Services LLC now owns 103,150 shares of the company’s stock worth $688,000 after acquiring an additional 13,209 shares during the period. Victory Capital Management Inc. raised its stake in shares of Under Armour by 16.1% in the 2nd quarter. Victory Capital Management Inc. now owns 165,520 shares of the company’s stock valued at $1,104,000 after purchasing an additional 22,930 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Under Armour in the second quarter valued at about $80,000. Federated Hermes Inc. boosted its position in shares of Under Armour by 6.8% during the second quarter. Federated Hermes Inc. now owns 188,609 shares of the company’s stock worth $1,258,000 after buying an additional 11,961 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Under Armour by 12.7% during the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after buying an additional 1,051,143 shares in the last quarter. Institutional investors own 34.58% of the company’s stock.

Insider Activity

In related news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mehri Shadman sold 9,639 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the sale, the insider now owns 172,899 shares of the company’s stock, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock valued at $508,642 over the last ninety days. 15.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UAA. Wells Fargo & Company upped their price target on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Barclays reduced their target price on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. Truist Financial raised their target price on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Robert W. Baird boosted their price target on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, TD Cowen raised their price objective on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, December 13th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued 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 a consensus target price of $9.28.

Under Armour Trading Down 1.2 %

Shares of Under Armour stock opened at $8.20 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. The business has a fifty day simple moving average of $9.15 and a two-hundred day simple moving average of $8.28. Under Armour, Inc. has a 1 year low of $6.17 and a 1 year high of $11.89. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of -273.24 and a beta of 1.70.

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.