Under Armour, Inc. (NYSE:UAA) Receives Consensus Rating of “Hold” from Analysts

Under Armour, Inc. (NYSE:UAA) has been assigned an average recommendation of “Hold” from the twenty-one research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $9.03.

UAA has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research report on Friday, November 22nd. UBS Group raised their target price on shares of Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company upped 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. Robert W. Baird raised their price objective on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $8.00 target price on shares of Under Armour in a research note on Monday, November 4th.

Insider Transactions at Under Armour

In related news, 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 transaction of $272,700.00. Following the completion of the transaction, the chief financial officer now owns 494,210 shares in the company, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the transaction, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock worth $508,642 in the last 90 days. Corporate insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC lifted its holdings in Under Armour by 144,746.6% during the 3rd quarter. FMR LLC now owns 9,659,823 shares of the company’s stock valued at $86,069,000 after purchasing an additional 9,653,154 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Under Armour by 33,725.1% in the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock valued at $85,526,000 after purchasing an additional 9,570,512 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Under Armour by 12.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after buying an additional 1,051,143 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of Under Armour by 195.8% during the 3rd quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock worth $8,048,000 after buying an additional 597,943 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its holdings in shares of Under Armour by 6.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock worth $51,149,000 after buying an additional 327,979 shares during the period. 34.58% of the stock is currently owned by institutional investors.

Under Armour Stock Performance

UAA stock opened at $10.12 on Monday. Under Armour 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 firm has a market cap of $4.38 billion, a PE ratio of -337.22, a P/E/G ratio of 3.78 and a beta of 1.69. The business’s 50-day moving average price is $9.24 and its two-hundred day moving average price is $7.95.

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.