The Vanguard Group, Inc. has recently announced that it has increased stake in Under Armour Inc (NYSE:UA) by 2.63%. After grabbing 19.33 million shares, the institutional investor is now in possession of 0.5 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 9.00% having worth around $148.09 million. Moreover, BlackRock Fund Advisors increased its share by 0.98 million to have a control over 15.96 million shares. And ArrowMark Colorado Holdings LLC raised its holdings to 2417.0 shares by acquiring 8.56 million shares or 3.98% of the stake.
Under Armour Inc (UA) concluded trading on December 20, 2023 at a closing price of $8.67, with 3.32 million shares of worth about $28.79 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.69% during that period and On Wednesday the price saw a loss of about -2.69%. Currently the company’s common shares owned by public are about 221.35M shares, out of which, 156.50M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 70 times over the past 12 months. They bought 3,333,306 shares in 48 of the transactions. In 22 selling transactions, insiders dumped 16,320,909 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Under Armour Inc iShares Core S&P Mid Cap ETF is currently holding 6.17 million shares of worth totaling $47.25 million. The company recently came buying 1094.0 shares which brought its stake up to 2.87% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 24693.0 shares, after which its hold over company’s outstanding shares expand to 2.52%, leaving 5.42 million shares with the mutual fund that have a worth of about $41.5 million. Vanguard Small Cap Index Fund, after buying 5.03 million shares, have now control over 2.34% of the stake in the company. It holds 26496.0 shares of worth $38.55 million.
However, the stock later moved at a day high price of 8.99, or with a loss of -2.69%. Stock saw a price change of 5.99% in past 5 days and over the past one month there was a price change of 18.28%. Year-to-date (YTD), UA shares are showing a performance of -2.80% which increased to 3.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.86 but also hit the highest price of $11.41 during that period. The average intraday trading volume for Under Armour Inc shares is 3.46 million. The stock is currently trading 9.92% above its 20-day simple moving average (SMA20), while that difference is up 20.76% for SMA50 and it goes to 20.78% higher than SMA200.
The Vanguard Group, Inc. acquired 19.33 million shares of Under Armour Inc having value of about $148.09 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.5 million shares in the company valued at close to $4302426.81, or have control over 2.63% stake in the company. Under Armour Inc (NYSE: UA) currently have 221.35M outstanding shares and institutions hold larger chunk of about 27.15% of that. Holding of mutual funds in the company is about 25.86% while other institutional holders and individual stake holders have control over 30.14% and 20.76% of the stake respectively.
The stock has a current market capitalization of $3.80B and its 3Y-monthly beta is at 1.67. PE ratio of stock for trailing 12 months is 9.62, while it has posted earnings per share of $0.90 in the same period. Its PEG reads 0.44 and has Quick Ratio of 1.35 while making debt-to-equity ratio of 0.70. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for UA, volatility over the week remained 4.27% while standing at 3.51% over the month.
Analysts are in expectations that Under Armour Inc (UA) stock would likely to be making an EPS of $0.1 in the current quarter, while forecast for next quarter EPS is $0.12 and it is $0.59 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.07 which is $0.13 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -15.07% while it is estimated to increase by 23.45% in next year.
