Under Armour, Inc. (NYSE:UAA) Receives Consensus Rating of “Hold” from Brokerages

Under Armour, Inc. (NYSE:UAA) has been given a consensus recommendation of “Hold” by the twenty-one brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $9.28.

Several analysts recently issued reports on the company. Wells Fargo & Company boosted their price target 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. UBS Group lifted their target price on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Robert W. Baird lifted their price objective on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, TD Cowen increased their target price on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, December 13th.

Insider Buying and Selling at Under Armour

In other news, CFO David Bergman sold 30,000 shares of the firm’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 transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the transaction, 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 three months, insiders sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Under Armour

Several institutional investors and hedge funds have recently made changes to their positions in UAA. Quantbot Technologies LP lifted its holdings in Under Armour by 288.1% in the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock valued at $3,772,000 after buying an additional 314,226 shares during the period. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Under Armour by 1.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after buying an additional 70,731 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Under Armour during the 3rd quarter worth approximately $576,000. International Assets Investment Management LLC increased its stake in shares of Under Armour by 2,413.5% in the 3rd quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock valued at $638,000 after acquiring an additional 68,786 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Under Armour by 48.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after acquiring an additional 199,348 shares during the period. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Trading Down 0.6 %

UAA stock opened at $8.42 on Friday. Under Armour has a one year low of $6.17 and a one year high of $11.89. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of -280.57 and a beta of 1.70. The company has a fifty day moving average price of $9.19 and a two-hundred day moving average price of $8.24. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

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.