Under Armour, Inc. (NYSE:UAA – Get Free Report) major shareholder V Prem Et Al Watsa bought 995,896 shares of Under Armour stock in a transaction on Monday, January 26th. The stock was acquired at an average price of $6.21 per share, for a total transaction of $6,184,514.16. Following the purchase, the insider owned 42,224,581 shares of the company’s stock, valued at approximately $262,214,648.01. This trade represents a 2.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
V Prem Et Al Watsa also recently made the following trade(s):
- On Friday, January 23rd, V Prem Et Al Watsa bought 928,397 shares of Under Armour stock. The stock was purchased at an average price of $6.15 per share, with a total value of $5,709,641.55.
- On Thursday, January 22nd, V Prem Et Al Watsa bought 411,057 shares of Under Armour stock. The shares were bought at an average cost of $6.15 per share, for a total transaction of $2,528,000.55.
- On Wednesday, January 21st, V Prem Et Al Watsa bought 5,000,000 shares of Under Armour stock. The shares were purchased at an average cost of $5.89 per share, with a total value of $29,450,000.00.
- On Tuesday, January 20th, V Prem Et Al Watsa bought 1,769,581 shares of Under Armour stock. The shares were bought at an average cost of $5.62 per share, for a total transaction of $9,945,045.22.
- On Friday, January 16th, V Prem Et Al Watsa acquired 1,837,686 shares of Under Armour stock. The stock was purchased at an average price of $5.60 per share, with a total value of $10,291,041.60.
- On Tuesday, December 30th, V Prem Et Al Watsa acquired 13,182,469 shares of Under Armour stock. The stock was acquired at an average price of $5.12 per share, with a total value of $67,494,241.28.
- On Monday, December 29th, V Prem Et Al Watsa bought 2,497,826 shares of Under Armour stock. The shares were bought at an average cost of $4.66 per share, with a total value of $11,639,869.16.
- On Friday, December 26th, V Prem Et Al Watsa purchased 1,385,850 shares of Under Armour stock. The shares were purchased at an average price of $4.58 per share, with a total value of $6,347,193.00.
- On Wednesday, December 24th, V Prem Et Al Watsa acquired 1,313,881 shares of Under Armour stock. The shares were acquired at an average cost of $4.55 per share, with a total value of $5,978,158.55.
- On Tuesday, December 23rd, V Prem Et Al Watsa acquired 2,745,253 shares of Under Armour stock. The stock was acquired at an average price of $4.51 per share, for a total transaction of $12,381,091.03.
Under Armour Trading Down 0.4%
Shares of UAA traded down $0.03 during trading on Monday, reaching $6.32. 9,416,433 shares of the company traded hands, compared to its average volume of 13,761,448. The stock has a market cap of $2.71 billion, a PE ratio of -30.11, a price-to-earnings-growth ratio of 6.61 and a beta of 1.81. The company has a quick ratio of 1.10, a current ratio of 1.69 and a debt-to-equity ratio of 0.32. The stock has a 50-day simple moving average of $4.97 and a 200-day simple moving average of $5.20. Under Armour, Inc. has a twelve month low of $4.13 and a twelve month high of $8.72.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. William Blair raised Under Armour to a “hold” rating in a report on Thursday, November 6th. Telsey Advisory Group set a $5.00 target price on shares of Under Armour in a research report on Friday, November 14th. Guggenheim upgraded Under Armour to a “strong-buy” rating in a report on Wednesday, December 10th. Citigroup reiterated a “neutral” rating and issued a $6.20 price target (up from $5.00) on shares of Under Armour in a report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Under Armour in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.44.
Check Out Our Latest Research Report on Under Armour
Hedge Funds Weigh In On Under Armour
Several institutional investors and hedge funds have recently added to or reduced their stakes in UAA. UMB Bank n.a. boosted its position in shares of Under Armour by 133.8% during the second quarter. UMB Bank n.a. now owns 4,203 shares of the company’s stock worth $29,000 after buying an additional 2,405 shares during the period. Panagora Asset Management Inc. grew its stake in Under Armour by 11.3% during the second quarter. Panagora Asset Management Inc. now owns 23,973 shares of the company’s stock worth $164,000 after purchasing an additional 2,440 shares during the period. HUB Investment Partners LLC grew its position in Under Armour by 12.9% in the 2nd quarter. HUB Investment Partners LLC now owns 21,810 shares of the company’s stock valued at $149,000 after purchasing an additional 2,489 shares during the period. M&T Bank Corp lifted its position in shares of Under Armour by 23.2% during the second quarter. M&T Bank Corp now owns 13,296 shares of the company’s stock valued at $91,000 after purchasing an additional 2,504 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in shares of Under Armour by 4.5% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 71,967 shares of the company’s stock worth $492,000 after purchasing an additional 3,094 shares during the last quarter. 34.58% of the stock is currently owned by hedge funds and other institutional investors.
Under Armour Company Profile
Under Armour, Inc (NYSE: UAA) is a global designer, marketer and distributor of performance athletic apparel, footwear and accessories. The company’s product portfolio spans a range of categories including training and running shoes, performance apparel engineered to manage moisture and temperature, and a variety of accessories such as bags, socks and headwear. Under Armour positions its offerings to serve athletes at every level—from professionals to everyday fitness enthusiasts—by combining innovative fabrics, advanced footwear technology and functional design.
Founded in 1996 by Kevin Plank, a former University of Maryland football player, Under Armour initially gained recognition for its moisture-wicking T-shirts, which provided a lightweight alternative to traditional cotton.
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