Quadrature Capital Ltd Purchases Shares of 199,177 Under Armour, Inc. (NYSE:UAA)

Quadrature Capital Ltd purchased a new stake in shares of Under Armour, Inc. (NYSE:UAA) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 199,177 shares of the company’s stock, valued at approximately $1,471,000.

Other large investors have also made changes to their positions in the company. MQS Management LLC bought a new position in shares of Under Armour during the 1st quarter valued at approximately $275,000. Seven Eight Capital LP bought a new position in shares of Under Armour during the 1st quarter valued at approximately $1,133,000. Vanguard Group Inc. grew its stake in shares of Under Armour by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock valued at $134,665,000 after acquiring an additional 173,817 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Under Armour during the 1st quarter valued at approximately $8,944,000. Finally, Blair William & Co. IL grew its stake in shares of Under Armour by 40.3% during the 1st quarter. Blair William & Co. IL now owns 31,158 shares of the company’s stock valued at $230,000 after acquiring an additional 8,950 shares during the period. 34.58% of the stock is currently owned by institutional investors.

Under Armour Stock Up 1.8 %

Shares of NYSE UAA traded up $0.12 during mid-day trading on Friday, reaching $6.89. 6,764,153 shares of the company were exchanged, compared to its average volume of 11,534,733. The company has a quick ratio of 1.63, a current ratio of 2.46 and a debt-to-equity ratio of 0.28. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 3.50 and a beta of 1.67. Under Armour, Inc. has a 1 year low of $6.18 and a 1 year high of $9.50. The firm has a 50-day moving average of $6.80 and a 200 day moving average of $7.25.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, May 16th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. On average, research analysts expect that Under Armour, Inc. will post 0.2 earnings per share for the current year.

Under Armour announced that its board has approved a share repurchase plan on Thursday, May 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to purchase up to 16.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently commented on UAA shares. Telsey Advisory Group reissued a “market perform” rating and issued a $8.00 price target on shares of Under Armour in a report on Thursday, May 16th. Evercore ISI lowered their price target on Under Armour from $7.00 to $6.00 and set an “underperform” rating on the stock in a report on Friday, May 17th. Morgan Stanley cut Under Armour from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $8.00 to $4.00 in a report on Tuesday. Citigroup decreased their price target on Under Armour from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Finally, Truist Financial decreased their price target on Under Armour from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $7.04.

About Under Armour

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