Brown Brothers Harriman & Co. Makes New Investment in Under Armour, Inc. (NYSE:UAA)

Brown Brothers Harriman & Co. acquired a new position in Under Armour, Inc. (NYSE:UAA) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 33,334 shares of the company’s stock, valued at approximately $297,000.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Under Armour during the 3rd quarter worth about $56,000. CWM LLC raised its position in shares of Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after purchasing an additional 1,409 shares during the last quarter. City State Bank raised its position in shares of Under Armour by 292.6% during the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock worth $90,000 after purchasing an additional 7,500 shares during the last quarter. Baker Avenue Asset Management LP acquired a new position in shares of Under Armour during the 3rd quarter worth about $92,000. Finally, KBC Group NV raised its position in shares of Under Armour by 39.6% during the 3rd quarter. KBC Group NV now owns 10,659 shares of the company’s stock worth $95,000 after purchasing an additional 3,024 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Insiders Place Their Bets

In other news, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction on Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the sale, the insider now directly owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. The trade was a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.60% of the company’s stock.

Under Armour Stock Up 0.1 %

Under Armour stock opened at $9.70 on Thursday. The firm has a 50 day moving average price of $8.95 and a 200 day moving average price of $7.77. The company has a market capitalization of $4.19 billion, a PE ratio of -322.89, a price-to-earnings-growth ratio of 3.66 and a beta of 1.66. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89.

Analysts Set New Price Targets

Several research firms recently weighed in on UAA. UBS Group upped their price target on shares of Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Argus raised shares of Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Robert W. Baird upped their price objective 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. Wedbush upped their price objective on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Barclays upped their price objective on shares of Under Armour from $8.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.03.

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.