Telsey Advisory Group Reiterates Market Perform Rating for Under Armour (NYSE:UAA)

Under Armour (NYSE:UAA)‘s stock had its “market perform” rating restated by research analysts at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They presently have a $10.00 price objective on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 13.51% from the company’s current price.

A number of other research analysts also recently issued reports on UAA. Argus upgraded Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Wells Fargo & Company lifted their target price on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Barclays boosted their target price on shares of Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a report on Friday. Finally, TD Cowen boosted their price objective on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Under Armour presently has an average rating of “Hold” and an average target price of $9.34.

Under Armour Stock Down 8.1 %

NYSE UAA opened at $8.81 on Friday. Under Armour has a 52-week low of $6.17 and a 52-week 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’s 50 day moving average price is $9.34 and its 200-day moving average price is $8.05.

Insider Buying and Selling

In other Under Armour news, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the transaction, the insider now directly owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the sale, the chief financial officer now owns 494,210 shares of the company’s stock, 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 sold 56,879 shares of company stock worth $508,642 in the last 90 days. Insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Under Armour

Several hedge funds have recently added to or reduced their stakes in UAA. Nomura Asset Management Co. Ltd. raised its stake in shares of Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after buying an additional 1,800 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Under Armour during the third quarter worth about $56,000. CWM LLC raised its position in Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after acquiring an additional 1,409 shares in the last quarter. City State Bank lifted its holdings in Under Armour by 292.6% in the third quarter. City State Bank now owns 10,063 shares of the company’s stock valued at $90,000 after acquiring an additional 7,500 shares during the period. Finally, Baker Avenue Asset Management LP purchased a new stake in Under Armour in the 3rd quarter worth approximately $92,000. 34.58% of the stock is owned by hedge funds and other 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.