Disciplined Growth Investors Inc. MN Boosts Position in Under Armour, Inc. (NYSE:UAA)

Disciplined Growth Investors Inc. MN lifted its position in Under Armour, Inc. (NYSE:UAA) by 6.1% in the third quarter, HoldingsChannel reports. The firm owned 5,740,622 shares of the company’s stock after buying an additional 327,979 shares during the period. Disciplined Growth Investors Inc. MN’s holdings in Under Armour were worth $51,149,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP increased its stake in Under Armour by 288.1% during the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after acquiring an additional 314,226 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of Under Armour during the 3rd quarter worth $576,000. International Assets Investment Management LLC increased its position in shares of Under Armour by 2,413.5% during the 3rd quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock worth $638,000 after purchasing an additional 68,786 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Under Armour by 48.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after buying an additional 199,348 shares during the period. Finally, Maverick Capital Ltd. acquired a new position in Under Armour in the third quarter valued at about $1,580,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the transaction, the insider now directly owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David Bergman sold 30,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the transaction, the chief financial officer now owns 494,210 shares in the company, valued at approximately $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 valued at $508,642. Insiders own 15.60% of the company’s stock.

Under Armour Stock Up 0.5 %

Shares of NYSE:UAA opened at $10.18 on Tuesday. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The firm’s 50 day moving average price is $9.26 and its 200 day moving average price is $7.98. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of -339.17 and a beta of 1.69.

Analysts Set New Price Targets

UAA has been the topic of a number of research analyst reports. Truist Financial boosted their price target on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, November 8th. BMO Capital Markets boosted their target price on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Robert W. Baird upped their price target on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. TD Cowen lifted their price objective on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $8.00 target price on shares of Under Armour in a research note on Monday, November 4th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.03.

Under Armour Company 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.