Stifel Financial Corp Grows Position in Under Armour, Inc. (NYSE:UAA)

Stifel Financial Corp grew its stake in Under Armour, Inc. (NYSE:UAA) by 85.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,671 shares of the company’s stock after buying an additional 30,755 shares during the quarter. Stifel Financial Corp’s holdings in Under Armour were worth $594,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC grew its stake in shares of Under Armour by 144,746.6% during the 3rd quarter. FMR LLC now owns 9,659,823 shares of the company’s stock valued at $86,069,000 after acquiring an additional 9,653,154 shares during the period. Pacer Advisors Inc. boosted its position in shares of Under Armour by 33,725.1% in the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock worth $85,526,000 after purchasing an additional 9,570,512 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Under Armour by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after purchasing an additional 1,051,143 shares during the period. Disciplined Growth Investors Inc. MN increased its stake in shares of Under Armour by 1.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after purchasing an additional 70,731 shares in the last quarter. Finally, Maven Securities LTD raised its position in shares of Under Armour by 11.8% during the 2nd quarter. Maven Securities LTD now owns 1,341,798 shares of the company’s stock valued at $8,950,000 after purchasing an additional 141,556 shares during the period. Institutional investors own 34.58% of the company’s stock.

Analyst Upgrades and Downgrades

UAA has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “underweight” rating and issued a $4.00 target price on shares of Under Armour in a report on Friday, December 13th. TD Cowen upped their price objective on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Barclays cut their target price on Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. UBS Group boosted their price target on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, BMO Capital Markets increased their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Three investment 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.28.

Insider Activity

In other news, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares in the company, valued at approximately $1,599,032.88. The trade was a 8.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Bergman sold 30,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the sale, the chief financial officer now owns 494,210 shares in the company, valued at $4,492,368.90. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by corporate insiders.

Under Armour Price Performance

UAA stock opened at $8.42 on Thursday. Under Armour, Inc. has a 52 week low of $6.17 and a 52 week high of $11.89. The firm has a market capitalization of $3.64 billion, a P/E ratio of -280.57 and a beta of 1.69. The company has a fifty day simple moving average of $9.32 and a two-hundred day simple moving average of $8.13. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30.

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.