Caprock Group LLC Buys New Shares in Under Armour, Inc. (NYSE:UAA)

Caprock Group LLC purchased a new position in Under Armour, Inc. (NYSE:UAA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,847 shares of the company’s stock, valued at approximately $106,000.

Several other institutional investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new stake in Under Armour in the 3rd quarter worth approximately $56,000. CWM LLC boosted its position in shares of Under Armour by 20.7% in the third 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 period. City State Bank increased its stake in shares of Under Armour by 292.6% in the third quarter. City State Bank now owns 10,063 shares of the company’s stock worth $90,000 after purchasing an additional 7,500 shares in the last quarter. Baker Avenue Asset Management LP purchased a new stake in shares of Under Armour in the third quarter worth $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 valued at $95,000 after purchasing an additional 3,024 shares during the period. Institutional investors own 34.58% of the company’s stock.

Under Armour Price Performance

Shares of Under Armour stock opened at $9.80 on Tuesday. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of -326.56, a price-to-earnings-growth ratio of 3.56 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. The stock has a 50 day moving average price of $8.87 and a 200-day moving average price of $7.73. Under Armour, Inc. has a one year low of $6.17 and a one year high of $11.89.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

UAA has been the subject of a number of analyst reports. UBS Group increased their price target on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Stifel Nicolaus lifted their target price on Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 9th. BMO Capital Markets boosted their price target on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $8.00 price objective on shares of Under Armour in a report on Monday, November 4th. Finally, Truist Financial boosted their target price on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.03.

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.