Under Armour (NYSE:UAA) Rating Lowered to “Hold” at Argus

Under Armour (NYSE:UAA) was downgraded by stock analysts at Argus from a “buy” rating to a “hold” rating in a research report issued on Thursday, MarketBeat reports.

Other research analysts have also recently issued research reports about the company. UBS Group boosted their price objective on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Telsey Advisory Group restated a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research report on Friday, December 13th. Morgan Stanley reaffirmed an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a research report on Friday, December 13th. Truist Financial increased their target price 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. Finally, TD Cowen lifted their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Under Armour presently has a consensus rating of “Hold” and a consensus target price of $9.28.

Under Armour Trading Up 1.3 %

Shares of UAA stock opened at $8.19 on Thursday. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89. The company has a 50-day simple moving average of $9.04 and a two-hundred day simple moving average of $8.29. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of -272.74 and a beta of 1.70. 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 related 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 value of $272,700.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mehri Shadman sold 9,639 shares of the business’s stock in a transaction dated 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 owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,879 shares of company stock valued at $508,642. 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 bought and sold shares of the stock. SG Americas Securities LLC increased its holdings in shares of Under Armour by 37.4% in the 4th quarter. SG Americas Securities LLC now owns 158,541 shares of the company’s stock worth $1,313,000 after buying an additional 43,158 shares during the last quarter. MCF Advisors LLC increased its stake in Under Armour by 7.6% in the fourth quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock valued at $167,000 after acquiring an additional 1,419 shares during the last quarter. M.E. Allison & CO. Inc. purchased a new stake in Under Armour during the fourth quarter valued at about $156,000. Kera Capital Partners Inc. bought a new stake in Under Armour during the fourth quarter worth about $189,000. Finally, Marcum Wealth LLC purchased a new position in shares of Under Armour in the 4th quarter worth about $395,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

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.