Telsey Advisory Group Reaffirms “Market Perform” Rating for Under Armour (NYSE:UAA)

Under Armour (NYSE:UAA)‘s stock had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They presently have a $10.00 price target on the stock. Telsey Advisory Group’s price target suggests a potential upside of 37.27% from the stock’s current price.

Other analysts have also issued reports about the stock. Truist Financial lifted their target price on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, November 8th. UBS Group cut their price target on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Morgan Stanley reissued an “underweight” rating and set a $4.00 price target on shares of Under Armour in a report on Friday, December 13th. Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company lifted their price target on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.22.

Under Armour Price Performance

Shares of Under Armour stock opened at $7.29 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The firm’s 50-day simple moving average is $8.67 and its 200-day simple moving average is $8.45. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89. The firm has a market cap of $3.15 billion, a P/E ratio of -242.75 and a beta of 1.69.

Under Armour (NYSE:UAA) last issued its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 0.27% and a positive return on equity of 13.20%. During the same quarter last year, the company posted $0.19 EPS. As a group, research analysts expect that Under Armour will post 0.27 EPS for the current fiscal year.

Insider Buying and Selling

In other Under Armour news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were 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 $1,523,240.19. The trade was a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock valued at $508,642 over the last ninety days. Insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Under Armour

Large investors have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new stake in Under Armour in the fourth quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. increased its position in shares of 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 acquiring an additional 1,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Under Armour during the fourth quarter worth $27,000. SBI Securities Co. Ltd. bought a new stake in shares of Under Armour during the fourth quarter worth $40,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Under Armour during the third quarter worth $56,000. 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.