New Big Money Means Under Armour Inc. (UA) Investors Could Reap Benefit

516 institutions hold shares in Under Armour Inc. (UA), with 72.94M shares held by insiders accounting for 16.04% while institutional investors hold 86.36% of the company’s shares. The shares outstanding are 451.83M, and float is at 357.35M with Short Float at 7.45%. Institutions hold 72.51% of the Float.


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The top institutional shareholder in the company is Wellington Management Company, LLP with over 26.03 million shares valued at $256.11 million. The investor’s holdings represent 11.23% of the UA Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 20.25 million shares valued at $199.24 million to account for 8.74% of the shares outstanding. The other top investors are Adage Capital Partners GP L.L.C. which holds 16.38 million shares representing 7.07% and valued at over $161.15 million, while Blackrock Inc. holds 4.69% of the shares totaling 10.86 million with a market value of $161.54 million.

Under Armour Inc. (NYSE: UA) is 24.60% higher on its value in year-to-date trading and has touched a low of $6.37 and a high of $19.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UA stock was last observed hovering at around $18.96 in the last trading session, with the day’s loss setting it -0.42% off its average median price target of $23.00 for the next 12 months. It is also 38.2% off the consensus price target high of $30.00 offered by 31 analysts, but current levels are -164.86% lower than the price target low of $7.00 for the same period.

Currently trading at $18.54, the stock is 8.19% and 15.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.62 million and changing -2.22% at the moment leaves the stock 59.00% off its SMA200. UA registered 27.25% gain for a year compared to 6-month gain of 110.92%. The firm has a 50-day simple moving average (SMA 50) of $16.60 and a 200-day simple moving average (SMA200) of $13.15.

The stock witnessed a 15.08% loss in the last 1 month and extending the period to 3 months gives it a 29.02%, and is -1.59% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.90% over the week and 3.62% over the month.

Fwd P/E is 61.80. Distance from 52-week low is 191.05% and -5.50% from its 52-week high.

Under Armour Inc. (UA) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Under Armour Inc. (UA) is a “Hold”. 31 analysts offering their recommendations for the stock have an average rating of 4.00, where 17 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.

Under Armour Inc. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $1.12B over the same period.The EPS is expected to grow by 157.70% this year, but quarterly earnings will post 8.60% year-over-year. Quarterly sales are estimated to grow 20.00% in year-over-year returns.

Under Armour Inc. (UA) Insider Activity

A total of 40 insider transactions have happened at Under Armour Inc. (UA) in the last six months, with sales accounting for 13 and purchases happening 27 times. The most recent transaction is an insider sale by Stanton John Patrick, the company’s EVP, General Counsel. SEC filings show that Stanton John Patrick sold 1,007 shares of the company’s common stock on Dec 17 at a price of $15.22 per share for a total of $15331.0. Following the sale, the insider now owns 0.0 shares.

Under Armour Inc. disclosed in a document filed with the SEC on Dec 17 that Stanton John Patrick (EVP, General Counsel) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Dec 17 and was made at $17.39 per share for $17393.0. Following the transaction, the insider now directly holds 0.0 shares of the UA stock.

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Under Armour Inc. (UA): Who are the competitors?

The company’s main competitors (and peers) include Under Armour Inc. (UAA) that is trading 38.15% up over the past 12 months. Short interest in the company’s stock has risen 10.86% from the last report on Dec 30, 2020 to stand at a total of 23.73 million short shares sold with a short interest ratio of 7.27.

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