TD Cowen Issues Positive Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its price objective hoisted by TD Cowen from $10.00 to $11.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other equities research analysts have also recently commented on the company. BMO Capital Markets upped their price target on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research note on Friday. Truist Financial raised their target price on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their target price on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Finally, Robert W. Baird increased their price target on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Under Armour currently has a consensus rating of “Hold” and a consensus target price of $9.34.

Under Armour Stock Down 8.1 %

UAA stock opened at $8.81 on Friday. The company has a market cap of $3.81 billion, a price-to-earnings ratio of -293.67 and a beta of 1.69. The company has a fifty day moving average price of $9.34 and a 200 day moving average price of $8.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89.

Insider Transactions at Under Armour

In other news, CFO David Bergman sold 30,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the sale, the insider now owns 182,538 shares in the company, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is currently owned by insiders.

Institutional Trading of Under Armour

Several hedge funds have recently bought and sold shares of UAA. CWM LLC lifted its holdings in shares of Under Armour by 20.7% in 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 period. Wealth Enhancement Advisory Services LLC lifted its holdings in Under Armour by 11.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after acquiring an additional 1,409 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Under Armour by 7.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after acquiring an additional 1,485 shares during the last quarter. Sei Investments Co. boosted its position 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 purchasing an additional 1,764 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Under Armour by 163.6% in the 3rd 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 during the last quarter. 34.58% of the stock is currently owned by institutional investors.

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.