AMH Equity Ltd Takes $922,000 Position in Under Armour, Inc. (NYSE:UAA)

AMH Equity Ltd purchased a new stake in Under Armour, Inc. (NYSE:UAA) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 125,000 shares of the company’s stock, valued at approximately $922,000. Under Armour comprises approximately 0.9% of AMH Equity Ltd’s investment portfolio, making the stock its 25th largest position.

Other large investors have also modified their holdings of the company. Privium Fund Management B.V. lifted its stake in Under Armour by 0.8% during the 1st quarter. Privium Fund Management B.V. now owns 222,900 shares of the company’s stock worth $1,645,000 after acquiring an additional 1,700 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in Under Armour by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock worth $1,216,000 after acquiring an additional 1,746 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in Under Armour by 101.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after acquiring an additional 1,890 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Under Armour by 43.3% during the 4th quarter. Global Retirement Partners LLC now owns 6,769 shares of the company’s stock worth $59,000 after acquiring an additional 2,044 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Under Armour by 6.3% during the 4th quarter. Raymond James & Associates now owns 38,387 shares of the company’s stock worth $337,000 after acquiring an additional 2,281 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Stock Performance

Shares of NYSE UAA traded down $0.12 during trading hours on Friday, reaching $6.87. The stock had a trading volume of 12,552,423 shares, compared to its average volume of 10,150,653. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 3.54 and a beta of 1.67. The company has a current ratio of 2.46, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. Under Armour, Inc. has a fifty-two week low of $6.18 and a fifty-two week high of $9.50. The firm has a 50-day moving average of $6.81 and a 200-day moving average of $7.37.

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

Under Armour announced that its board has approved a stock repurchase plan on Thursday, May 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 16.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Under Armour from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Friday, May 17th. Truist Financial cut their price target on Under Armour from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, May 17th. Oppenheimer downgraded Under Armour from an “outperform” rating to a “market perform” rating in a report on Thursday, May 23rd. Bank of America cut their price target on Under Armour from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, May 17th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $8.00 price target on shares of Under Armour in a report on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.32.

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.