Under Armour, Inc. (NYSE:UAA) CFO David Bergman Sells 30,000 Shares

Under Armour, Inc. (NYSE:UAA) 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 transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Under Armour Stock Up 0.3 %

NYSE UAA opened at $10.19 on Wednesday. Under Armour, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89. 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’s 50 day moving average is $9.15 and its two-hundred day moving average is $7.88. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of -339.55, a PEG ratio of 3.80 and a beta of 1.69.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Telsey Advisory Group restated a “market perform” rating and set a $8.00 target price on shares of Under Armour in a report on Monday, November 4th. Robert W. Baird raised their price objective on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. TD Cowen boosted their target price on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Truist Financial increased their price target on Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Finally, Barclays boosted their price objective on Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.03.

Institutional Trading of Under Armour

Large investors have recently bought and sold shares of the stock. Quantbot Technologies LP grew its position in Under Armour by 288.1% during the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after acquiring an additional 314,226 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in shares of 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 valued at $36,102,000 after buying an additional 70,731 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Under Armour in the third quarter valued at about $576,000. International Assets Investment Management LLC lifted its position in Under Armour by 2,413.5% during the 3rd 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 in the last quarter. Finally, Jane Street Group LLC grew its holdings in Under Armour by 40.5% during the 1st quarter. Jane Street Group LLC now owns 562,031 shares of the company’s stock worth $4,148,000 after acquiring an additional 162,013 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors.

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.