TD Cowen Forecasts Strong Price Appreciation for Under Armour (NYSE:UAA) Stock

Under Armour (NYSE:UAA) had its target price boosted by research analysts at TD Cowen from $10.00 to $11.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s target price indicates a potential upside of 24.86% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company increased their price objective on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. UBS Group increased their price target on shares of Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Truist Financial lifted their price objective on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Robert W. Baird increased their target price on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets raised their price target on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Under Armour presently has a consensus rating of “Hold” and a consensus price target of $9.34.

Under Armour Price Performance

Shares of NYSE UAA opened at $8.81 on Friday. The business has a 50-day moving average price of $9.34 and a 200 day moving average price of $8.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89.

Insider Activity at Under Armour

In other news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction dated 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 transaction, the insider now owns 172,899 shares in the company, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the business’s 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 sale, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. This represents a 5.72 % 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 over the last three months. 15.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Under Armour

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its stake in Under Armour by 144,746.6% in 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 in the last quarter. Pacer Advisors Inc. grew its holdings in 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 last quarter. Dimensional Fund Advisors LP increased its position in shares of Under Armour by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after buying an additional 1,051,143 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Under Armour by 195.8% in the third quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock valued at $8,048,000 after buying an additional 597,943 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its stake 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 last quarter. 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.