Under Armour (NYSE:UAA) Price Target Lowered to $15.00 at UBS Group

Under Armour (NYSE:UAA) had its price objective cut by research analysts at UBS Group from $16.00 to $15.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 80.18% from the stock’s current price.

A number of other research firms also recently weighed in on UAA. Argus downgraded Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Truist Financial increased their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research report on Friday, December 13th. TD Cowen raised their price objective 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. Finally, Wells Fargo & Company boosted their target price on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Under Armour currently has an average rating of “Hold” and a consensus target price of $9.22.

Under Armour Stock Up 0.8 %

Shares of UAA opened at $8.33 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $3.60 billion, a PE ratio of -276.07 and a beta of 1.70. The firm’s 50 day moving average is $8.88 and its 200-day moving average is $8.39. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89.

Insider Buying and Selling at Under Armour

In related news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the sale, the insider now directly owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction on 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 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 disclosure for this sale can be found here. In the last three months, insiders have sold 56,879 shares of company stock worth $508,642. Corporate insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Under Armour

A number of hedge funds have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. increased its holdings in Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after buying an additional 1,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Under Armour during the 4th quarter worth approximately $27,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Under Armour in the 3rd quarter worth approximately $56,000. CWM LLC lifted its stake in Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after purchasing an additional 1,409 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Under Armour by 63.2% during the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock valued at $83,000 after purchasing an additional 3,885 shares during the period. 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.