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

Shares of Under Armour, Inc. (NYSE:UAA) have earned a consensus rating of “Hold” from the twenty-one ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $9.28.

A number of research analysts have recently commented on 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. Robert W. Baird increased their price objective on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price objective on shares of Under Armour in a report on Friday, December 13th. Argus lowered Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Finally, Morgan Stanley reissued an “underweight” rating and set a $4.00 price objective on shares of Under Armour in a report on Friday, December 13th.

Insiders Place Their Bets

In related news, insider Mehri Shadman sold 9,639 shares of the firm’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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Bergman sold 30,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Under Armour

Several hedge funds and other institutional investors have recently modified their holdings of UAA. Vanguard Personalized Indexing Management LLC lifted its position in shares of Under Armour by 41.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,955 shares of the company’s stock worth $106,000 after buying an additional 4,653 shares during the period. Sei Investments Co. raised its position in Under Armour by 10.2% in the 2nd quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock valued at $127,000 after purchasing an additional 1,764 shares during the last quarter. ProShare Advisors LLC bought a new position in Under Armour in the 2nd quarter valued at $119,000. Algert Global LLC bought a new position in Under Armour in the 2nd quarter valued at $127,000. Finally, Maven Securities LTD raised its position in Under Armour by 11.8% in the 2nd quarter. Maven Securities LTD now owns 1,341,798 shares of the company’s stock valued at $8,950,000 after purchasing an additional 141,556 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

Under Armour Stock Performance

Shares of UAA stock opened at $8.26 on Tuesday. 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 fifty-two week low of $6.17 and a fifty-two week high of $11.89. The stock’s 50-day moving average is $8.88 and its two-hundred day moving average is $8.39. The firm has a market cap of $3.57 billion, a P/E ratio of -275.07 and a beta of 1.70.

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.