Ontario Teachers Pension Plan Board Purchases New Position in Under Armour, Inc. (NYSE:UAA)

Ontario Teachers Pension Plan Board purchased a new stake in Under Armour, Inc. (NYSE:UAA) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 166,967 shares of the company’s stock, valued at approximately $1,488,000.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in Under Armour during the 3rd quarter worth approximately $56,000. Optas LLC bought a new position in shares of Under Armour in the second quarter valued at about $72,000. CWM LLC lifted its position in Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after buying an additional 1,409 shares in the last quarter. Koss Olinger Consulting LLC bought a new stake in Under Armour during the 2nd quarter worth about $79,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Under Armour in the 2nd quarter valued at about $80,000. 34.58% of the stock is owned by institutional investors.

Under Armour Stock Performance

NYSE UAA opened at $9.12 on Thursday. Under Armour, Inc. has a one year low of $6.17 and a one year high of $11.89. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average is $8.80 and its 200-day moving average is $7.69.

Analysts Set New Price Targets

Several research firms have recently commented on UAA. BMO Capital Markets increased their price target on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Wedbush lifted their target price on Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research note on Friday, August 9th. Truist Financial raised their price target on Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a report on Friday, November 8th. Telsey Advisory Group reissued a “market perform” rating and set a $8.00 price objective on shares of Under Armour in a report on Monday, November 4th. Finally, Wells Fargo & Company raised their target price on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.03.

Insider Buying and Selling

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the transaction, the insider now owns 172,899 shares in the company, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 15.60% of the stock is owned by company insiders.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.