KBC Group NV Boosts Stake in Under Armour, Inc. (NYSE:UAA)

KBC Group NV raised its position in shares of Under Armour, Inc. (NYSE:UAA) by 39.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,659 shares of the company’s stock after buying an additional 3,024 shares during the quarter. KBC Group NV’s holdings in Under Armour were worth $95,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Under Armour by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock worth $134,665,000 after acquiring an additional 173,817 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Under Armour by 12.7% during the second 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 in the last quarter. Disciplined Growth Investors Inc. MN raised its stake in Under Armour by 1.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock valued at $36,102,000 after purchasing an additional 70,731 shares in the last quarter. Janus Henderson Group PLC lifted its position in Under Armour by 27.2% during the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock valued at $28,712,000 after purchasing an additional 831,202 shares during the last quarter. Finally, Maven Securities LTD increased its holdings in shares of Under Armour by 11.8% in the 2nd quarter. Maven Securities LTD now owns 1,341,798 shares of the company’s stock worth $8,950,000 after buying an additional 141,556 shares during the last quarter. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Insider Buying and Selling

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the transaction, the insider now owns 172,899 shares in the company, valued at $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 15.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

UAA has been the subject of several recent research reports. Wedbush lifted their price target on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Barclays boosted their target price on Under Armour from $8.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a report on Friday. Truist Financial lifted their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company raised their target price on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued 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.com, Under Armour currently has a consensus rating of “Hold” and a consensus target price of $9.03.

Under Armour Price Performance

Shares of UAA opened at $9.52 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The company has a 50 day moving average price of $8.84 and a 200-day moving average price of $7.70. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The stock has a market capitalization of $4.12 billion, a PE ratio of -316.23, a PEG ratio of 3.51 and a beta of 1.66.

Under Armour 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.