Under Armour (NYSE:UAA) Price Target Raised to $11.00

Under Armour (NYSE:UAA) had its price objective lifted by TD Cowen from $10.00 to $11.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other research analysts have also issued research reports about the company. BMO Capital Markets upped their price target on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company upped their target price on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Truist Financial raised their price target on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research report on Friday. Finally, UBS Group upped their price objective 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. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.34.

Under Armour Stock Performance

Shares of NYSE:UAA opened at $8.81 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. The company has a 50-day moving average price of $9.34 and a 200-day moving average price of $8.06. The company has a market cap of $3.81 billion, a price-to-earnings ratio of -293.57 and a beta of 1.69. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89.

Insider Transactions at Under Armour

In other news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction that occurred on Monday, December 2nd. The shares were 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 $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 transaction, the insider now owns 172,899 shares in the company, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,879 shares of company stock worth $508,642 over the last quarter. 15.60% of the stock is currently owned by insiders.

Institutional Trading of Under Armour

Several large investors have recently modified their holdings of UAA. Quantbot Technologies LP boosted its position in Under Armour by 288.1% in the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after purchasing an additional 314,226 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in shares of 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 worth $36,102,000 after buying an additional 70,731 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of Under Armour in the third quarter worth approximately $576,000. International Assets Investment Management LLC grew its position in Under Armour by 2,413.5% during the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock valued at $638,000 after buying an additional 68,786 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Under Armour by 48.1% during the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after buying an additional 199,348 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

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.