Under Armour’s (UAA) Hold Rating Reiterated at Needham & Company LLC

Under Armour (NYSE:UAA)‘s stock had its “hold” rating reiterated by analysts at Needham & Company LLC in a research note issued on Friday, MarketBeat reports.

Several other equities research analysts have also recently issued reports on the company. Wedbush raised their target price on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Barclays raised their price objective on Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Wells Fargo & Company upped their target price on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Robert W. Baird lifted their price target 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. Finally, Argus upgraded shares of Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.03.

Under Armour Stock Performance

Under Armour stock opened at $9.52 on Friday. The firm has a 50 day simple moving average of $8.87 and a 200-day simple moving average of $7.72. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of -317.33, a price-to-earnings-growth ratio of 3.45 and a beta of 1.66. 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 1-year low of $6.17 and a 1-year high of $11.89.

Insiders Place Their Bets

In related 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 completion of the transaction, the insider now owns 172,899 shares in the company, valued at approximately $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 15.60% of the stock is owned by company insiders.

Institutional Trading of Under Armour

Institutional investors have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. raised 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 worth $26,000 after acquiring an additional 1,800 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Under Armour in the third quarter valued at approximately $56,000. Optas LLC acquired a new stake in Under Armour during the second quarter worth approximately $72,000. CWM LLC lifted its position in shares of Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after buying an additional 1,409 shares during the last quarter. Finally, Koss Olinger Consulting LLC acquired a new position in shares of Under Armour in the 2nd quarter valued at $79,000. 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.