Under Armour, Inc. (NYSE:UAA – Get Free Report) major shareholder V Prem Et Al Watsa purchased 995,896 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The shares were purchased at an average cost of $6.21 per share, for a total transaction of $6,184,514.16. Following the purchase, the insider directly owned 42,224,581 shares in the company, valued at $262,214,648.01. This trade represents a 2.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
V Prem Et Al Watsa also recently made the following trade(s):
- On Friday, January 23rd, V Prem Et Al Watsa bought 928,397 shares of Under Armour stock. The shares were acquired at an average price of $6.15 per share, with a total value of $5,709,641.55.
- On Thursday, January 22nd, V Prem Et Al Watsa purchased 411,057 shares of Under Armour stock. The stock was acquired at an average price of $6.15 per share, for a total transaction of $2,528,000.55.
- On Wednesday, January 21st, V Prem Et Al Watsa purchased 5,000,000 shares of Under Armour stock. The stock was acquired at an average cost of $5.89 per share, with a total value of $29,450,000.00.
- On Tuesday, January 20th, V Prem Et Al Watsa acquired 1,769,581 shares of Under Armour stock. The shares were acquired at an average price of $5.62 per share, with a total value of $9,945,045.22.
- On Friday, January 16th, V Prem Et Al Watsa bought 1,837,686 shares of Under Armour stock. The stock was acquired at an average cost of $5.60 per share, for a total transaction of $10,291,041.60.
- On Tuesday, December 30th, V Prem Et Al Watsa bought 13,182,469 shares of Under Armour stock. The shares were acquired at an average price of $5.12 per share, with a total value of $67,494,241.28.
- On Monday, December 29th, V Prem Et Al Watsa purchased 2,497,826 shares of Under Armour stock. The shares were bought at an average cost of $4.66 per share, with a total value of $11,639,869.16.
- On Friday, December 26th, V Prem Et Al Watsa purchased 1,385,850 shares of Under Armour stock. The stock was bought at an average price of $4.58 per share, with a total value of $6,347,193.00.
- On Wednesday, December 24th, V Prem Et Al Watsa purchased 1,313,881 shares of Under Armour stock. The stock was bought at an average cost of $4.55 per share, for a total transaction of $5,978,158.55.
- On Tuesday, December 23rd, V Prem Et Al Watsa acquired 2,745,253 shares of Under Armour stock. The shares were bought at an average price of $4.51 per share, for a total transaction of $12,381,091.03.
Under Armour Price Performance
UAA opened at $6.34 on Wednesday. The company has a market capitalization of $2.72 billion, a P/E ratio of -30.17, a PEG ratio of 6.44 and a beta of 1.81. The company has a 50-day moving average of $5.01 and a 200-day moving average of $5.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.10 and a current ratio of 1.69. Under Armour, Inc. has a 1-year low of $4.13 and a 1-year high of $8.72.
Institutional Investors Weigh In On Under Armour
Several large investors have recently made changes to their positions in UAA. Royal Bank of Canada boosted its position in shares of Under Armour by 5.3% during the first quarter. Royal Bank of Canada now owns 1,158,649 shares of the company’s stock worth $7,242,000 after buying an additional 58,701 shares during the period. Goldman Sachs Group Inc. raised its stake in Under Armour by 33.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 328,746 shares of the company’s stock valued at $2,055,000 after acquiring an additional 81,732 shares in the last quarter. United Services Automobile Association acquired a new position in Under Armour during the 1st quarter worth $83,000. Parallel Advisors LLC grew its stake in shares of Under Armour by 620.7% in the second quarter. Parallel Advisors LLC now owns 3,892 shares of the company’s stock worth $27,000 after purchasing an additional 3,352 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Under Armour by 453.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 98,952 shares of the company’s stock valued at $704,000 after purchasing an additional 81,067 shares during the period. Institutional investors and hedge funds own 34.58% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Telsey Advisory Group set a $5.00 price target on Under Armour in a research report on Friday, November 14th. Zacks Research upgraded shares of Under Armour from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Citigroup restated a “neutral” rating and issued a $6.20 price target (up from $5.00) on shares of Under Armour in a research report on Friday. UBS Group reaffirmed a “buy” rating on shares of Under Armour in a report on Friday, January 2nd. Finally, Evercore ISI dropped their price objective on shares of Under Armour from $5.00 to $4.00 and set an “underperform” rating on the stock in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.44.
Get Our Latest Report on Under Armour
Under Armour Company Profile
Under Armour, Inc (NYSE: UAA) is a global designer, marketer and distributor of performance athletic apparel, footwear and accessories. The company’s product portfolio spans a range of categories including training and running shoes, performance apparel engineered to manage moisture and temperature, and a variety of accessories such as bags, socks and headwear. Under Armour positions its offerings to serve athletes at every level—from professionals to everyday fitness enthusiasts—by combining innovative fabrics, advanced footwear technology and functional design.
Founded in 1996 by Kevin Plank, a former University of Maryland football player, Under Armour initially gained recognition for its moisture-wicking T-shirts, which provided a lightweight alternative to traditional cotton.
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