Under Armour, Inc. (NYSE:UAA) Receives Average Recommendation of “Hold” from Analysts

Under Armour, Inc. (NYSE:UAA) has received an average recommendation of “Hold” from the twenty-one ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $9.28.

A number of research firms have issued reports on UAA. Wells Fargo & Company boosted 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. Morgan Stanley reaffirmed an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research report on Friday, December 13th. Robert W. Baird lifted their price target on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Truist Financial lifted their target price on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $10.00 price target on shares of Under Armour in a research note on Friday, December 13th.

Under Armour Stock Performance

UAA stock opened at $8.12 on Friday. The company has a market cap of $3.51 billion, a P/E ratio of -270.58 and a beta of 1.70. The business’s fifty day moving average is $9.18 and its 200-day moving average is $8.24. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89.

Insider Activity at Under Armour

In related news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. This represents a 5.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the sale, the insider now directly owns 182,538 shares in the company, valued at $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,879 shares of company stock valued at $508,642. Corporate insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UAA. CWM LLC increased its stake in shares of 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 purchasing an additional 1,409 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Under Armour by 11.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock worth $123,000 after acquiring an additional 1,409 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Under Armour by 7.0% during the third quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after purchasing an additional 1,485 shares during the period. Sei Investments Co. grew its stake in shares of Under Armour by 10.2% during the 2nd quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock valued at $127,000 after acquiring an additional 1,764 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after purchasing an additional 1,800 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.