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

Under Armour (NYSE:UAA) had its price objective cut by equities researchers at UBS Group from $16.00 to $15.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 83.02% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Barclays decreased their price target on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday, December 16th. Morgan Stanley reissued an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. Robert W. Baird lifted their price objective on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Finally, TD Cowen raised their target price on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.22.

Under Armour Price Performance

Shares of Under Armour stock opened at $8.20 on Tuesday. The business’s 50-day moving average price is $8.84 and its 200-day moving average price is $8.40. The firm has a market capitalization of $3.54 billion, a PE ratio of -273.11 and a beta of 1.70. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Insiders Place Their Bets

In related news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the sale, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the transaction, the insider now directly owns 182,538 shares of the company’s stock, valued at $1,599,032.88. This represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,879 shares of company stock worth $508,642. Company insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Under Armour

Hedge funds have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. increased its stake in shares of Under Armour by 163.6% during the third 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. purchased a new stake in shares of Under Armour in the 4th quarter worth approximately $27,000. Allspring Global Investments Holdings LLC bought a new position in Under Armour during the 3rd quarter valued at approximately $56,000. CWM LLC raised its stake in Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying an additional 1,409 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Under Armour by 63.2% in the fourth 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 in 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.