Under Armour, Inc. (NYSE:UAA) Receives $9.28 Consensus Target Price from Analysts

Shares of Under Armour, Inc. (NYSE:UAA) have been given an average recommendation of “Hold” by the twenty-one analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $9.28.

Several equities analysts have commented on UAA shares. TD Cowen raised their price target on shares of Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Wells Fargo & Company lifted 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. UBS Group upped their price target on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Morgan Stanley reiterated an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a research note on Friday, December 13th. Finally, BMO Capital Markets upped their target price 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.

Insider Buying and Selling

In other news, CFO David Bergman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mehri Shadman sold 9,639 shares of Under Armour 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 directly owns 172,899 shares in the company, valued at $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock worth $508,642 in the last quarter. 15.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently made changes to their positions in UAA. Everence Capital Management Inc. acquired a new stake in Under Armour during the 4th quarter worth approximately $225,000. Versant Capital Management Inc lifted its holdings in shares of Under Armour by 63.2% during the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock worth $83,000 after purchasing an additional 3,885 shares during the period. Sanctuary Advisors LLC purchased a new position in Under Armour in the 3rd quarter valued at $191,000. Neo Ivy Capital Management acquired a new position in Under Armour in the 3rd quarter valued at $1,482,000. Finally, Disciplined Growth Investors Inc. MN raised its position in Under Armour by 6.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock worth $51,149,000 after buying an additional 327,979 shares during the last quarter. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Trading Up 3.2 %

NYSE UAA opened at $8.36 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of -278.57 and a beta of 1.69. The firm has a 50 day simple moving average of $9.20 and a 200-day simple moving average of $8.21. Under Armour has a one year low of $6.17 and a one year high of $11.89.

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.