Under Armour’s (UAA) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Under Armour (NYSE:UAA) in a research report sent to investors on Friday morning,Benzinga reports. They currently have a $10.00 price objective on the stock.

A number of other equities research analysts have also issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Argus lowered Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Robert W. Baird boosted their price objective 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. Morgan Stanley restated an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a report on Friday, December 13th. Finally, Barclays dropped their target price on 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 equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9.22.

Under Armour Trading Down 3.4 %

Shares of UAA stock opened at $8.37 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The stock has a market capitalization of $3.62 billion, a P/E ratio of -278.84 and a beta of 1.70. The firm’s 50 day moving average is $8.80 and its 200 day moving average is $8.43.

Insider Activity at Under Armour

In related news, 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 transaction of $272,700.00. Following 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mehri Shadman sold 9,639 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 172,899 shares of the company’s stock, valued at $1,523,240.19. This trade represents a 5.28 % 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 valued at $508,642. Insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UAA. New York State Common Retirement Fund lifted its holdings in Under Armour by 7.1% in the 4th quarter. New York State Common Retirement Fund now owns 116,803 shares of the company’s stock worth $967,000 after buying an additional 7,700 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Under Armour in the fourth quarter worth about $214,000. Venturi Wealth Management LLC boosted its holdings in Under Armour by 78.2% in the fourth quarter. Venturi Wealth Management LLC now owns 20,804 shares of the company’s stock valued at $172,000 after purchasing an additional 9,132 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Under Armour during the 4th quarter valued at approximately $25,000. Finally, Certuity LLC purchased a new stake in Under Armour during the 4th quarter worth approximately $130,000. 34.58% of the stock is owned by institutional investors and hedge funds.

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.