Bank of Montreal Can Has $141,000 Stock Holdings in Under Armour, Inc. $UAA

Bank of Montreal Can lowered its stake in Under Armour, Inc. (NYSE:UAA - Free Report) by 94.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,704 shares of the company's stock after selling 345,526 shares during the quarter. Bank of Montreal Can's holdings in Under Armour were worth $141,000 as of its most recent SEC filing.

• Wolverine World Wide Breaks Out – Will the 92% Rally Continue?

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Parallel Advisors LLC grew its stake in Under Armour by 620.7% in the second quarter. Parallel Advisors LLC now owns 3,892 shares of the company's stock valued at $27,000 after purchasing an additional 3,352 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Under Armour by 133.8% in the 2nd quarter. UMB Bank n.a. now owns 4,203 shares of the company's stock valued at $29,000 after buying an additional 2,405 shares during the last quarter. Twin Tree Management LP bought a new position in shares of Under Armour in the first quarter valued at $44,000. GAMMA Investing LLC increased its holdings in Under Armour by 163.3% during the second quarter. GAMMA Investing LLC now owns 7,013 shares of the company's stock worth $48,000 after buying an additional 4,350 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in Under Armour during the first quarter worth $66,000. Institutional investors own 34.58% of the company's stock.

Under Armour Stock Up 2.9%

Under Armour stock opened at $4.29 on Friday. The company's 50-day moving average price is $4.73 and its two-hundred day moving average price is $5.73. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.84 billion, a P/E ratio of 19.50, a P/E/G ratio of 3.85 and a beta of 1.86. Under Armour, Inc. has a twelve month low of $4.13 and a twelve month high of $10.53.

• Seize the Opportunity: Under Armour Stock Set for a Comeback

Under Armour (NYSE:UAA - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Under Armour had a return on equity of 7.24% and a net margin of 1.99%.The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. Under Armour has set its Q3 2026 guidance at 0.030-0.050 EPS. As a group, analysts expect that Under Armour, Inc. will post 0.3 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on UAA. Bank of America decreased their price objective on shares of Under Armour from $8.00 to $6.50 and set a "neutral" rating for the company in a research report on Monday, August 11th. JPMorgan Chase & Co. reduced their price target on Under Armour from $6.00 to $5.00 and set an "underweight" rating for the company in a report on Friday, August 8th. UBS Group reissued a "buy" rating and set a $8.00 price target (up previously from $7.50) on shares of Under Armour in a research report on Friday, November 7th. Evercore ISI dropped their price objective on Under Armour from $5.00 to $4.00 and set an "underperform" rating on the stock in a research note on Friday, November 7th. Finally, Telsey Advisory Group set a $5.00 price objective on Under Armour in a research report on Friday, November 14th. Three research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $6.58.

• Extreme Networks Snags an Upgrade on Inventory Normalization

Get Our Latest Analysis on Under Armour

About Under Armour

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.

See Also

• Five stocks we like better than Under Armour
• Insider Buying Explained: What Investors Need to Know
• A Magnificent AI Bet? Stanley Druckenmiller’s Latest Tech Moves
• Growth Investing: Should You Adopt This Investing Strategy in 2022?
• 12 Analysts Just Raised CrowdStrike Targets—Here’s What They See Coming
• 3 Healthcare Dividend Stocks to Buy
• Palo Alto Networks Stock Just Pulled Back—Is This a Prime Buy Zone?

Want to see what other hedge funds are holding UAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Under Armour, Inc. (NYSE:UAA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Under Armour Right Now?

Before you consider Under Armour, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Under Armour wasn't on the list.

While Under Armour currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here