UBS Group Lowers Under Armour (NYSE:UAA) Price Target to $15.00

Under Armour (NYSE:UAA) had its price target reduced by UBS Group from $16.00 to $15.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 83.02% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Argus cut Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a 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 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 report on Friday, December 13th. Finally, Barclays dropped their target price on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.22.

Under Armour Price Performance

Shares of NYSE UAA opened at $8.20 on Tuesday. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of -273.11 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. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The firm’s 50-day simple moving average is $8.84 and its 200 day simple moving average is $8.40.

Insider Activity at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the sale, the insider now owns 172,899 shares of the company’s stock, valued at $1,523,240.19. The trade was a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David Bergman sold 30,000 shares of the firm’s 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 transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,879 shares of company stock worth $508,642. Company insiders own 15.60% of the company’s stock.

Institutional Trading of Under Armour

A number of hedge funds and other institutional investors have recently bought and sold shares of UAA. Nomura Asset Management Co. Ltd. grew its position 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 purchasing an additional 1,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Under Armour during the fourth quarter valued at $27,000. Allspring Global Investments Holdings LLC bought a new stake in Under Armour during the third quarter valued at $56,000. CWM LLC grew its position in Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after buying an additional 1,409 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Under Armour by 63.2% in the 4th quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock worth $83,000 after acquiring an additional 3,885 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

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.