Mehri Shadman Sells 9,639 Shares of Under Armour, Inc. (NYSE:UAA) Stock

Under Armour, Inc. (NYSE:UAA) insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 172,899 shares in the company, valued at $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Mehri Shadman also recently made the following trade(s):

• On Friday, November 15th, Mehri Shadman sold 17,240 shares of Under Armour stock. The shares were sold at an average price of $8.76, for a total value of $151,022.40.

Under Armour Price Performance

Shares of UAA stock opened at $9.39 on Wednesday. Under Armour, Inc. has a 1-year low of $6.17 and a 1-year high of $11.89. The stock’s 50-day moving average is $8.75 and its 200 day moving average is $7.68. The company has a market cap of $4.06 billion, a P/E ratio of -312.83, a PEG ratio of 3.71 and a beta of 1.66. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

Institutional Investors Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its stake in 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 last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Under Armour by 11.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after buying an additional 1,409 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Under Armour by 7.0% in the third quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after buying an additional 1,485 shares during the last quarter. Sei Investments Co. raised its stake in Under Armour by 10.2% in the second quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock valued at $127,000 after buying an additional 1,764 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after buying an additional 1,800 shares during the last quarter. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UAA. Barclays lifted their price objective on Under Armour from $8.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Morgan Stanley downgraded Under Armour from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $8.00 to $4.00 in a research note on Tuesday, July 23rd. Robert W. Baird boosted their target price on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. 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 report on Friday, November 8th. Finally, Stifel Nicolaus increased their target price on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and an average price target of $9.03.

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.