Barclays Issues Pessimistic Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its price target cut by equities researchers at Barclays from $12.00 to $11.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 27.17% from the stock’s current price.

A number of other equities analysts have also recently issued reports on UAA. Robert W. Baird increased their price objective on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Wells Fargo & Company increased their price target on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Morgan Stanley reissued an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a research note on Friday. Truist Financial upped their target price on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets lifted their price target on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.28.

Under Armour Stock Down 1.8 %

Shares of Under Armour stock traded down $0.16 during trading on Monday, reaching $8.65. 1,611,895 shares of the company traded hands, compared to its average volume of 10,141,801. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. The firm has a market capitalization of $3.74 billion, a PE ratio of -288.90 and a beta of 1.69. The company has a 50 day moving average price of $9.34 and a 200-day moving average price of $8.06. 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 17,240 shares of Under Armour 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 owns 182,538 shares in the company, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock valued at $508,642 over the last 90 days. Insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Lecap Asset Management Ltd. bought a new position in shares of Under Armour in the second quarter worth approximately $344,000. Optas LLC bought a new position in shares of Under Armour during the second quarter valued at about $72,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Under Armour by 49.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,435 shares of the company’s stock worth $1,143,000 after purchasing an additional 56,440 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in Under Armour by 104.0% during the 2nd quarter. Panagora Asset Management Inc. now owns 27,073 shares of the company’s stock valued at $181,000 after purchasing an additional 13,801 shares during the period. Finally, iA Global Asset Management Inc. raised its position in Under Armour by 30.4% during the 2nd quarter. iA Global Asset Management Inc. now owns 70,323 shares of the company’s stock valued at $469,000 after purchasing an additional 16,377 shares during the last quarter. Hedge funds and other 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.