Brokerages Set Under Armour, Inc. (NYSE:UAA) PT at $9.03

Shares of Under Armour, Inc. (NYSE:UAA) have been assigned an average rating of “Hold” from the twenty-one ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $9.34.

Several research firms have recently weighed in on UAA. Wells Fargo & Company upped their price objective on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Barclays increased their price objective on Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Telsey Advisory Group restated a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a research note on Friday. Robert W. Baird upped their target price on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Truist Financial lifted their price target on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a report on Friday, November 8th.

Under Armour Stock Performance

NYSE UAA opened at $8.81 on Monday. The stock has a market cap of $3.81 billion, a P/E ratio of -293.57 and a beta of 1.69. 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 has a twelve month low of $6.17 and a twelve month high of $11.89. The company’s 50-day simple moving average is $9.34 and its 200 day simple moving average is $8.06.

Insider Activity at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the transaction, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mehri Shadman sold 17,240 shares of the firm’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 directly owns 182,538 shares in the company, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock worth $508,642 over the last 90 days. Insiders own 15.60% of the company’s stock.

Institutional Trading of Under Armour

Institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new stake in shares of Under Armour during the third quarter worth $191,000. Neo Ivy Capital Management acquired a new position in shares of Under Armour during the 3rd quarter worth about $1,482,000. Disciplined Growth Investors Inc. MN increased its stake in shares of Under Armour by 6.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock valued at $51,149,000 after acquiring an additional 327,979 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Under Armour in the 3rd quarter valued at approximately $104,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

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.