Allspring Global Investments Holdings LLC Has $727,000 Holdings in Under Armour, Inc. (NYSE:UAA)

Allspring Global Investments Holdings LLC grew its position in Under Armour, Inc. (NYSE:UAAGet Rating) by 1,759.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,433 shares of the company’s stock after purchasing an additional 103,548 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Under Armour were worth $727,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Synovus Financial Corp increased its position in Under Armour by 2.8% in the 2nd quarter. Synovus Financial Corp now owns 43,282 shares of the company’s stock worth $361,000 after purchasing an additional 1,181 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in Under Armour by 52.4% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,735 shares of the company’s stock worth $31,000 after purchasing an additional 1,285 shares during the last quarter. National Bank of Canada FI increased its position in Under Armour by 9.1% in the 2nd quarter. National Bank of Canada FI now owns 16,250 shares of the company’s stock worth $127,000 after purchasing an additional 1,353 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Under Armour by 48.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,142 shares of the company’s stock worth $35,000 after purchasing an additional 1,353 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of Under Armour by 37.4% during the 2nd quarter. US Bancorp DE now owns 5,258 shares of the company’s stock valued at $43,000 after acquiring an additional 1,431 shares during the last quarter. 33.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Telsey Advisory Group increased their price objective on Under Armour from $9.00 to $11.00 and gave the company a “market perform” rating in a report on Thursday, December 22nd. Bank of America assumed coverage on Under Armour in a report on Tuesday, November 1st. They set a “neutral” rating and a $8.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Under Armour from $10.00 to $11.00 in a report on Monday, November 7th. Cowen lowered their price objective on Under Armour to $7.00 in a report on Thursday, October 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Under Armour from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, October 24th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Under Armour currently has a consensus rating of “Hold” and an average target price of $10.83.

Under Armour Trading Up 2.3 %

UAA stock opened at $11.67 on Monday. The business has a fifty day moving average price of $10.14 and a 200 day moving average price of $8.96. Under Armour, Inc. has a fifty-two week low of $6.38 and a fifty-two week high of $20.65. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 37.65, a P/E/G ratio of 4.97 and a beta of 1.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.09 and a quick ratio of 1.36.

Under Armour (NYSE:UAAGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Under Armour had a return on equity of 9.13% and a net margin of 2.51%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the firm posted $0.31 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Analysts expect that Under Armour, Inc. will post 0.45 EPS for the current fiscal year.

Under Armour Company Profile

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Under Armour, Inc, together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

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Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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