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

Shares of Under Armour, Inc. (NYSE:UAA) have received an average recommendation of “Hold” from the twenty-one research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $9.28.

Several analysts recently issued reports on UAA shares. Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 price target on shares of Under Armour in a research report on Friday, December 13th. Robert W. Baird boosted their target price on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Truist Financial raised their price target 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. BMO Capital Markets increased their price objective on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, UBS Group lifted their target price on Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

Under Armour Trading Down 2.2 %

Shares of Under Armour stock opened at $8.10 on Friday. The stock has a market capitalization of $3.50 billion, a PE ratio of -269.91 and a beta of 1.69. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89. The stock has a 50 day moving average price of $9.21 and a two-hundred day moving average price of $8.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18.

Insider Transactions at Under Armour

In other news, CFO David Bergman sold 30,000 shares of the 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 completion of the transaction, the chief financial officer now owns 494,210 shares in the company, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of the business’s 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 sale, the insider now owns 172,899 shares in the company, valued at $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock worth $508,642 in the last quarter. Insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP raised its holdings in Under Armour by 288.1% during the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock valued at $3,772,000 after acquiring an additional 314,226 shares during the period. Disciplined Growth Investors Inc. MN raised its stake in shares of Under Armour by 1.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock valued at $36,102,000 after purchasing an additional 70,731 shares during the period. China Universal Asset Management Co. Ltd. purchased a new stake in Under Armour during the 3rd quarter worth about $576,000. International Assets Investment Management LLC lifted its holdings in Under Armour by 2,413.5% during the 3rd quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock worth $638,000 after purchasing an additional 68,786 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Under Armour by 48.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock worth $5,470,000 after purchasing an additional 199,348 shares during the period. 34.58% of the stock is owned by 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.