Under Armour (NYSE:UAA) Price Target Cut to $11.00 by Analysts at Barclays

Under Armour (NYSE:UAA) had its price objective trimmed by Barclays from $12.00 to $11.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research firms have also commented on UAA. BMO Capital Markets raised their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. UBS Group lifted their target price on shares of Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Morgan Stanley restated an “underweight” rating and set a $4.00 price objective on shares of Under Armour in a report on Friday. TD Cowen lifted their target price on shares of Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday. Finally, Robert W. Baird lifted their target price on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.28.

Under Armour Price Performance

NYSE UAA opened at $8.33 on Monday. The company has a 50-day moving average price of $9.34 and a two-hundred day moving average price of $8.07. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of -277.41 and a beta of 1.69. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Insider Transactions at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the insider now owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 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 Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP grew its holdings in Under Armour by 288.1% in the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock valued at $3,772,000 after purchasing an additional 314,226 shares during the period. Disciplined Growth Investors Inc. MN grew its holdings in Under Armour by 1.3% in the second 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. acquired a new stake in Under Armour in the third quarter valued at approximately $576,000. International Assets Investment Management LLC grew its holdings in Under Armour by 2,413.5% in the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock valued at $638,000 after purchasing an additional 68,786 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Under Armour by 48.1% in the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after purchasing an additional 199,348 shares during the period. 34.58% of the stock is currently 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.