Under Armour, Inc. (NYSE:UAA) Given Consensus Rating of “Hold” by Brokerages

Shares of Under Armour, Inc. (NYSE:UAA) have earned an average rating of “Hold” from the twenty-one brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.34.

A number of brokerages have recently commented on UAA. UBS Group lifted their price objective on Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their price target on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Morgan Stanley reiterated an “underweight” rating and set a $4.00 price objective on shares of Under Armour in a report on Friday. Truist Financial boosted their target price 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. Finally, TD Cowen upped their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday.

Under Armour Stock Down 8.1 %

UAA stock opened at $8.81 on Monday. The company has a 50 day moving average price of $9.34 and a two-hundred day moving average price of $8.04. 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 stock has a market capitalization of $3.81 billion, a P/E ratio of -293.67 and a beta of 1.69. Under Armour has a one year low of $6.17 and a one year high of $11.89.

Insider Buying and Selling at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the sale, the insider now owns 172,899 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 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 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. The trade was a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock valued at $508,642 over the last three months. 15.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Under Armour

A number of institutional investors have recently added to or reduced their stakes in the company. 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 during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Under Armour during the 3rd quarter valued at approximately $56,000. CWM LLC increased its holdings in Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after purchasing an additional 1,409 shares during the last quarter. City State Bank increased its holdings in Under Armour by 292.6% during the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock worth $90,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Baker Avenue Asset Management LP acquired a new position in shares of Under Armour in the 3rd quarter valued at approximately $92,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

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.