Under Armour, Inc. (NYSE:UAA) Given Average Recommendation of “Hold” by Brokerages

Under Armour, Inc. (NYSE:UAA) has received an average recommendation of “Hold” from the twenty-one ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $9.28.

UAA has been the topic of a number of research reports. Barclays reduced their target price on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. TD Cowen raised their price target on shares of Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, December 13th. UBS Group boosted their target price on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Finally, BMO Capital Markets raised their target price on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th.

Insider Activity at Under Armour

In related news, insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares in the company, valued at $1,599,032.88. This represents a 8.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now owns 494,210 shares in the company, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock worth $508,642 in the last 90 days. Corporate insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Under Armour

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. raised its position in shares of Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after buying an additional 1,800 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Under Armour in the 3rd quarter valued at about $56,000. CWM LLC lifted its stake in Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after purchasing an additional 1,409 shares in the last quarter. Koss Olinger Consulting LLC acquired a new position in shares of Under Armour during the 2nd quarter worth approximately $79,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Under Armour in the second quarter valued at approximately $80,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Stock Performance

Shares of Under Armour stock opened at $8.12 on Friday. The company has a market capitalization of $3.51 billion, a PE ratio of -270.58 and a beta of 1.70. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89. The stock’s fifty day moving average is $9.18 and its two-hundred day moving average is $8.24. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30.

Under Armour Company 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.