Loomis, Sayles & Co. LP recently announced the acquisition of new stake in Under Armour Inc. (NYSE:UAA). The institutional investor has increased its shareholding in the Consumer Cyclical company by 3.59% to 7.04 million shares with purchase of 0.24 million shares. This fresh investment now brings its stake to 3.73% valued currently at $74.03 million. In addition, D. E. Shaw & Co. LP raised its holdings by 2.72 million to 5.65 million shares. And Norges Bank Investment Management has lifted its position by 250.51% or 2.95 million shares – to 4.13 million shares.
With over 5.3 million Under Armour Inc. (UAA) shares trading Tuesday and a closing price of $10.25 on the day, the dollar volume was approximately $54.36 million. The shares have shown a positive weekly performance of 0.79% and its price on 09/01/20 gained nearly 4.49%. Currently, there are 454.12M common shares owned by the public and among those 382.05M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 34 analysts who have offered their price forecasts for UAA have a consensus price objective of $10.43. The analysts have set the share’s price value over the next 12 months at a high of $16.00 and a low of $5.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Under Armour Inc. stock is 2.90 for the next 12 months. The average price target is 1.35% above its last price level and an upside to the estimated low will see the stock lose -105.0% over that period. But an upside of 35.94% will see the stock hit the forecast high price target while mean target price for the stock is $10.50.
Insiders at the company have transacted a total of 3 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 1 of these insider trades were purchases, accounting for 18,000 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 8,569 shares.
The top 3 mutual fund holders in Under Armour Inc. are Vanguard Total Stock Market Index, Government Pension Fund – Global, and Vanguard 500 Index Fund. Vanguard Total Stock Market Index owns 5.48 million shares of the company’s stock, all valued at over $57.62 million. The company sold 9588.0 shares recently to bring their total holdings to about 2.91% of the shares outstanding. Government Pension Fund – Global bought 2.95 million shares to see its total holdings expand to 4.13 million shares valued at over $43.42 million and representing 2.19% of the shares outstanding. Vanguard 500 Index Fund sold 14728.0 shares to bring its total holdings to over 3.94 million shares at a value of $41.4 million. Vanguard 500 Index Fund now owns shares totaling to 2.09% of the shares outstanding.
Shares of Under Armour Inc. (NYSE: UAA) opened at $9.72, down -$0.09 from a prior closing price of $9.81. However, the script later closed the day at $10.25, up 4.49%. The company’s stock has a 5-day price change of 0.79% and -0.49% over the past three months. UAA shares are trading -52.55% year to date (YTD), with the 12-month market performance down to -44.77% lower. It has a 12-month low price of $7.15 and touched a high of $21.96 over the same period. Currently, 5.3 million shares have been traded, compared to an average intraday trading volume of 7.63 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.31%, 0.94%, and -22.72% respectively.
Institutional ownership of Under Armour Inc. (NYSE: UAA) shares accounts for 81.50% of the company’s 454.12M shares outstanding. Mutual fund holders own 31.83%, while other institutional holders and individual stakeholders account for 49.04% and 24.63% respectively.
It has a market capitalization of $4.33B and a beta (3y monthly) value of 1.18. The earnings-per-share (ttm) stands at -$1.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.09% over the week and 4.12% over the month.
Analysts forecast that Under Armour Inc. (UAA) will achieve an EPS of $0.01 for the current quarter, -$0.11 for the next quarter and $0.1 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.13 while analysts give the company a high EPS estimate of $0.09. Comparatively, EPS for the current quarter was $0.23 a year ago. Earnings per share for the fiscal year are expected to decrease by -320.60%, and 113.30% over the next financial year. EPS should grow at an annualized rate of -8.11% over the next five years, compared to -26.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 34 brokerage firm advisors rate Under Armour Inc. (UAA) as a “Moderate Buy” at a consensus score of 2.90. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 25 of the 34 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the UAA, a number of firms have released research notes about the stock. Susquehanna stated their Neutral rating for the stock in a research note on August 03, 2020, with the firm’s price target at. Telsey Advisory Group coverage for the Under Armour Inc. (UAA) stock in a research note released on August 03, 2020 offered a Market Perform rating with a price target of $11. Pivotal Research Group was of a view on May 07, 2020 that the stock is Hold, while BTIG Research gave the stock Sell rating on April 29, 2020, issuing a price target of $5. BMO Capital Markets on their part issued Market Perform rating on April 20, 2020.