Janus Henderson Group PLC Grows Stock Holdings in Under Armour, Inc. (NYSE:UAA)

Janus Henderson Group PLC increased its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 27.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,890,428 shares of the company’s stock after purchasing an additional 831,202 shares during the period. Janus Henderson Group PLC owned approximately 0.89% of Under Armour worth $28,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in UAA. Vanguard Group Inc. lifted its holdings in Under Armour by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock valued at $134,665,000 after acquiring an additional 173,817 shares during the period. Dimensional Fund Advisors LP raised its stake in Under Armour by 29.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock valued at $62,893,000 after purchasing an additional 1,636,634 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Under Armour by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,411 shares of the company’s stock valued at $36,456,000 after purchasing an additional 203,666 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Under Armour by 25.7% in the fourth quarter. BNP Paribas Financial Markets now owns 1,329,188 shares of the company’s stock worth $11,684,000 after buying an additional 271,779 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Under Armour during the 1st quarter worth approximately $8,944,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Stock Performance

Under Armour stock remained flat at $6.98 during midday trading on Wednesday. The company had a trading volume of 2,134,146 shares, compared to its average volume of 8,343,022. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.46. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 3.57 and a beta of 1.67. The business has a 50-day simple moving average of $6.80 and a 200-day simple moving average of $7.22. Under Armour, Inc. has a 12 month low of $6.18 and a 12 month high of $9.50.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, May 16th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. Under Armour’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. Equities research analysts anticipate that Under Armour, Inc. will post 0.2 earnings per share for the current year.

Under Armour announced that its board has initiated a stock buyback program on Thursday, May 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 16.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Barclays lowered their price objective on Under Armour from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Monday, May 20th. Truist Financial dropped their price objective on shares of Under Armour from $8.00 to $7.00 and set a “hold” rating for the company in a report on Friday, May 17th. Morgan Stanley cut shares of Under Armour from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $8.00 to $4.00 in a research report on Tuesday, July 23rd. William Blair lowered shares of Under Armour from an “outperform” rating to a “market perform” rating in a report on Thursday, May 16th. Finally, Citigroup dropped their price target on shares of Under Armour from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.04.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.