Toronto Dominion Bank Has $2.65 Million Holdings in Under Armour Inc (UA)
Toronto Dominion Bank raised its holdings in Under Armour Inc (NYSE:UA) by 15.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,264 shares of the company’s stock after acquiring an additional 19,130 shares during the quarter. Toronto Dominion Bank’s holdings in Under Armour were worth $2,646,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc lifted its stake in shares of Under Armour by 1.0% in the third quarter. Vanguard Group Inc now owns 19,163,832 shares of the company’s stock worth $372,929,000 after buying an additional 192,829 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Under Armour by 6.6% in the 4th quarter. BlackRock Inc. now owns 12,335,009 shares of the company’s stock worth $199,459,000 after purchasing an additional 763,174 shares during the last quarter. FMR LLC grew its holdings in shares of Under Armour by 161.2% in the 4th quarter. FMR LLC now owns 4,528,755 shares of the company’s stock worth $73,230,000 after purchasing an additional 2,794,611 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of Under Armour by 23.7% in the 4th quarter. Baillie Gifford & Co. now owns 4,443,253 shares of the company’s stock worth $71,847,000 after purchasing an additional 851,765 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Under Armour by 12.4% in the 4th quarter. American Century Companies Inc. now owns 4,215,340 shares of the company’s stock worth $68,162,000 after purchasing an additional 463,865 shares during the last quarter. Hedge funds and other institutional investors own 32.52% of the company’s stock.
NYSE UA traded down $0.30 on Thursday, hitting $21.07. 98,204 shares of the company were exchanged, compared to its average volume of 2,823,869. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 79.15 and a beta of 1.00. The company has a quick ratio of 1.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.58. Under Armour Inc has a 1-year low of $15.05 and a 1-year high of $23.28.
In related news, insider Paul Fipps sold 23,247 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $19.49, for a total transaction of $453,084.03. Following the transaction, the insider now owns 362,784 shares in the company, valued at approximately $7,070,660.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 15.90% of the stock is owned by corporate insiders.
Several research firms have recently weighed in on UA. Pivotal Research reaffirmed a “hold” rating and issued a $23.00 target price on shares of Under Armour in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised shares of Under Armour from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $23.00 to $29.00 in a report on Friday, May 17th. ValuEngine lowered shares of Under Armour from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Canaccord Genuity set a $13.00 target price on shares of Under Armour and gave the stock a “sell” rating in a report on Tuesday, March 19th. Finally, B. Riley set a $12.00 target price on shares of Under Armour and gave the stock a “sell” rating in a report on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.50.
About Under Armour
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.
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