Insider Selling: Under Armour, Inc. (NYSE:UAA) Insider Sells $84,919.59 in Stock

Under Armour, Inc. (NYSE:UAA) insider Mehri Shadman sold 9,639 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the transaction, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mehri Shadman also recently made the following trade(s):

• On Friday, November 15th, Mehri Shadman sold 17,240 shares of Under Armour stock. The stock was sold at an average price of $8.76, for a total value of $151,022.40.

Under Armour Stock Up 1.9 %

NYSE UAA opened at $9.29 on Friday. The business has a fifty day moving average price of $8.80 and a two-hundred day moving average price of $7.69. The stock has a market capitalization of $4.02 billion, a PE ratio of -309.63, a PEG ratio of 3.51 and a beta of 1.66. Under Armour, Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

Analyst Ratings Changes

UAA has been the subject of a number of research analyst reports. Wedbush lifted their price objective on shares of Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Truist Financial lifted their target price on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Barclays increased their price target on shares of Under Armour from $8.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. BMO Capital Markets upped their target price on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Argus raised shares of Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.03.

Institutional Trading of Under Armour

Institutional investors and hedge funds have recently modified their holdings of the business. Disciplined Growth Investors Inc. MN raised its stake in Under Armour by 1.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after acquiring an additional 70,731 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in Under Armour during the 3rd quarter worth approximately $576,000. International Assets Investment Management LLC grew its stake in shares of Under Armour by 2,413.5% during the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock worth $638,000 after buying an additional 68,786 shares during the last quarter. Blair William & Co. IL increased its holdings in Under Armour by 40.3% in the 1st quarter. Blair William & Co. IL now owns 31,158 shares of the company’s stock worth $230,000 after purchasing an additional 8,950 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Under Armour by 40.5% in the 1st quarter. Jane Street Group LLC now owns 562,031 shares of the company’s stock worth $4,148,000 after purchasing an additional 162,013 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors.

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.