Federated Hermes Inc. Boosts Holdings in Under Armour, Inc. (NYSE:UAA)

Federated Hermes Inc. boosted its position in Under Armour, Inc. (NYSE:UAA – Get Rating) by 13.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 162,447 shares of the company’s stock after purchasing an additional 19,295 shares during the quarter. Federated Hermes Inc.’s holdings in Under Armour were worth $1,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in UAA. Frontier Capital Management Co. LLC boosted its stake in shares of Under Armour by 10.1% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,398,206 shares of the company’s stock valued at $9,298,000 after purchasing an additional 128,050 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Under Armour during the 3rd quarter valued at about $186,000. BlackRock Inc. boosted its stake in Under Armour by 3.1% during the third quarter. BlackRock Inc. now owns 16,901,026 shares of the company’s stock worth $112,390,000 after acquiring an additional 511,664 shares in the last quarter. Caxton Associates LP boosted its stake in Under Armour by 28.4% during the third quarter. Caxton Associates LP now owns 130,950 shares of the company’s stock worth $871,000 after acquiring an additional 28,976 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Under Armour by 7.7% during the third quarter. Commonwealth Equity Services LLC now owns 78,754 shares of the company’s stock worth $523,000 after acquiring an additional 5,653 shares in the last quarter. Hedge funds and other institutional investors own 33.04% of the company’s stock.

Insider Activity

In other news, insider Tchernavia Rocker sold 69,823 shares of the stock in a transaction on Friday, February 10th. The shares were sold at an average price of $9.32, for a total value of $650,750.36. Following the sale, the insider now owns 260,291 shares of the company’s stock, valued at $2,425,912.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on UAA shares. Robert W. Baird boosted their price objective on shares of Under Armour from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, December 22nd. Morgan Stanley boosted their price objective on shares of Under Armour from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Thursday, February 9th. Citigroup reduced their target price on shares of Under Armour from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, February 9th. Telsey Advisory Group upped their price target on shares of Under Armour from $11.00 to $12.00 and gave the stock a “market perform” rating in a research report on Monday, February 6th. Finally, Stifel Nicolaus upgraded shares of Under Armour from a “hold” rating to a “buy” rating and upped their price target for the stock from $9.00 to $12.00 in a research report on Monday, December 12th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Under Armour currently has an average rating of “Hold” and an average price target of $11.22.

Under Armour Price Performance

Under Armour stock opened at $8.24 on Tuesday. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 8.19 and a beta of 1.62. The firm’s fifty day moving average is $10.85 and its 200 day moving average is $9.38. The company has a quick ratio of 1.26, a current ratio of 2.07 and a debt-to-equity ratio of 0.37. Under Armour, Inc. has a 52-week low of $6.38 and a 52-week high of $18.17.

Under Armour (NYSE:UAA – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.07. Under Armour had a net margin of 2.70% and a return on equity of 10.02%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Under Armour’s revenue was up 4.6% on a year-over-year basis. Sell-side analysts forecast that Under Armour, Inc. will post 0.54 EPS for the current fiscal year.

About Under Armour

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Under Armour, Inc engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The Connected Fitness segment offers digital fitness subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal, and Endomondo applications.