Paul Fipps Sells 1,500 Shares of Under Armour, Inc. (UA) Stock
Under Armour, Inc. (NYSE:UA) insider Paul Fipps sold 1,500 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $11.61, for a total transaction of $17,415.00. Following the transaction, the insider now directly owns 172,170 shares in the company, valued at approximately $1,998,893.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Under Armour, Inc. (NYSE:UA) traded up $0.26 during trading hours on Friday, reaching $12.19. 3,866,865 shares of the company’s stock were exchanged, compared to its average volume of 4,554,948. The company has a market cap of $5,384.29, a price-to-earnings ratio of 29.73 and a beta of 1.02. Under Armour, Inc. has a 1-year low of $10.36 and a 1-year high of $29.53.
UA has been the subject of several analyst reports. Forward View set a $17.00 price target on shares of Under Armour and gave the company a “hold” rating in a research report on Sunday, August 13th. Vetr raised shares of Under Armour from a “buy” rating to a “strong-buy” rating and set a $18.82 price target for the company in a research report on Wednesday, August 16th. Jefferies Group reissued a “buy” rating and set a $28.00 price target on shares of Under Armour in a research report on Thursday, September 7th. Sanford C. Bernstein initiated coverage on shares of Under Armour in a research report on Tuesday, September 12th. They set an “underperform” rating and a $14.00 price target for the company. Finally, Wells Fargo & Company cut shares of Under Armour from a “market perform” rating to a “sell” rating and dropped their price target for the company from $17.00 to $13.00 in a research report on Tuesday, September 19th. Eight research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. Under Armour presently has an average rating of “Hold” and a consensus price target of $16.14.
Institutional investors and hedge funds have recently bought and sold shares of the stock. IHT Wealth Management LLC lifted its holdings in shares of Under Armour by 48.4% in the second quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock worth $286,000 after buying an additional 305 shares in the last quarter. National Planning Corp increased its position in Under Armour by 3.2% during the second quarter. National Planning Corp now owns 13,589 shares of the company’s stock valued at $279,000 after acquiring an additional 423 shares during the last quarter. Lincoln National Corp boosted its stake in shares of Under Armour by 9.0% during the second quarter. Lincoln National Corp now owns 36,648 shares of the company’s stock valued at $739,000 after purchasing an additional 3,025 shares during the period. Andra AP fonden boosted its stake in shares of Under Armour by 5.6% during the second quarter. Andra AP fonden now owns 64,200 shares of the company’s stock valued at $1,294,000 after purchasing an additional 3,400 shares during the period. Finally, Balyasny Asset Management LLC boosted its stake in shares of Under Armour by 13.6% during the second quarter. Balyasny Asset Management LLC now owns 38,800 shares of the company’s stock valued at $782,000 after purchasing an additional 4,644 shares during the period. 31.86% of the stock is currently owned by institutional investors.
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Under Armour Company Profile
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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