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 12/27/23 at a closing price of $8.40, with 4.8 million shares of worth about $40.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.08% during that period and on Wednesday the price saw a loss of about -0.59%. 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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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 27 analysts are covering the UA stock and their offered price forecasts bring an average price target of $9.66. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $15.00 and could fall to a lowest price of $8.00. The stock’s current price level is 13.76% above of average price target set by the analysts, while a rise to estimated low would result in loss of -5.0% for the stock. However, touching the estimated high of $15.00 would mean a gain of 44.0% for the stock.
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 18953.0 shares, after which its hold over company’s outstanding shares expand to 2.53%, leaving 5.44 million shares with the mutual fund that have a worth of about $41.64 million. Vanguard Small Cap Index Fund, after buying 5.05 million shares, have now control over 2.35% of the stake in the company. It holds 15875.0 shares of worth $38.67 million.
However, the stock later moved at a day high price of 8.53, or with a loss of -0.59%. Stock saw a price change of -5.72% in past 5 days and over the past one month there was a price change of 12.45%. Year-to-date (YTD), UA shares are showing a performance of -5.83% which decreased to -2.33% 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 3.47 million. The stock is currently trading 3.18% above its 20-day simple moving average (SMA20), while that difference is up 13.95% for SMA50 and it goes to 16.88% 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 $4168441.2, 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 24.70% while other institutional holders and individual stake holders have control over 31.30% and 20.76% of the stake respectively.
The stock has a current market capitalization of $3.68B and its 3Y-monthly beta is at 1.66. PE ratio of stock for trailing 12 months is 9.32, while it has posted earnings per share of $0.90 in the same period. Its PEG reads 0.43 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 3.01% 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 $Boeing Company (The) in the current quarter, while forecast for next quarter EPS is $262.10 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Wheels Up Experience Inc. which is $United Airlines Holdings, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Mastercard Incorporated in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -15.07% while it is estimated to increase by 23.45% in next year.
Analysts at 27 brokerage firms have issued recommendations for the Under Armour Inc (UA)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.11. Out of those 27 Wall Street analysts, 12 recommended a “Buy” rating, while 15 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
