Under Armour (NYSE:UAA) Given “Hold” Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Under Armour (NYSE:UAA) in a report issued on Friday, Marketbeat.com reports.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird increased their price objective on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Barclays increased their price objective on shares of Under Armour from $8.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. UBS Group increased their price objective on shares of Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. BMO Capital Markets increased their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Stifel Nicolaus increased their price objective on shares of Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Three investment 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 stock. According to data from MarketBeat.com, Under Armour has an average rating of “Hold” and a consensus price target of $9.03.

Under Armour Stock Performance

Shares of Under Armour stock opened at $9.52 on Friday. The company has a 50 day moving average of $8.84 and a 200-day moving average of $7.70. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30.

Insider Transactions at Under Armour

In other news, insider Mehri Shadman sold 17,240 shares of the stock in a transaction on 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 sale, the insider now directly owns 182,538 shares in the company, valued at $1,599,032.88. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 15.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Under Armour

Several large investors have recently modified their holdings of the company. Disciplined Growth Investors Inc. MN grew its holdings in Under Armour by 1.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after purchasing an additional 70,731 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in Under Armour in the third quarter worth $576,000. International Assets Investment Management LLC grew its holdings in Under Armour by 2,413.5% in the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock worth $638,000 after purchasing an additional 68,786 shares during the period. Jane Street Group LLC grew its holdings in Under Armour by 40.5% in the first 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 during the period. Finally, Blair William & Co. IL grew its holdings in Under Armour by 40.3% in the first 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 during the period. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.