Brokerages Set Under Armour, Inc. (NYSE:UAA) Price Target at $9.28

Shares of Under Armour, Inc. (NYSE:UAA) have earned a consensus recommendation of “Hold” from the twenty-one research firms that are covering the firm, Marketbeat reports. 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 on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $9.22.

A number of research firms recently issued reports on UAA. Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. UBS Group lowered their price target on Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday. Truist Financial boosted their price objective on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Wells Fargo & Company increased their target price on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a research report on Friday, December 13th.

Insider Transactions at Under Armour

In other news, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the sale, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO David Bergman sold 30,000 shares of the company’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 transaction, the chief financial officer now 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Under Armour

A number of institutional investors have recently modified their holdings of UAA. FMR LLC increased its position in Under Armour by 144,746.6% in the third quarter. FMR LLC now owns 9,659,823 shares of the company’s stock worth $86,069,000 after purchasing an additional 9,653,154 shares during the period. Pacer Advisors Inc. grew its position in shares of Under Armour by 33,725.1% during the 3rd quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock worth $85,526,000 after buying an additional 9,570,512 shares during the period. Disciplined Growth Investors Inc. MN raised its stake in shares of Under Armour by 6.1% during the third 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. Maven Securities LTD lifted its holdings in Under Armour by 11.8% in the second quarter. Maven Securities LTD now owns 1,341,798 shares of the company’s stock valued at $8,950,000 after buying an additional 141,556 shares during the period. Finally, Verition Fund Management LLC boosted its stake in Under Armour by 27.2% in the third quarter. Verition Fund Management LLC now owns 1,258,342 shares of the company’s stock valued at $11,212,000 after acquiring an additional 269,281 shares during the last quarter. 34.58% of the stock is owned by institutional investors.

Under Armour Stock Up 5.5 %

Shares of Under Armour stock opened at $8.67 on Tuesday. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average price of $8.83 and a two-hundred day moving average price of $8.40. The stock has a market capitalization of $3.75 billion, a P/E ratio of -288.74 and a beta of 1.70.

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.