Brokerages Set Under Armour, Inc. (NYSE:UAA) PT at $9.28

Under Armour, Inc. (NYSE:UAA) has been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are presently covering the stock, MarketBeat.com reports. Three 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 12 month price target among analysts that have issued a report on the stock in the last year is $9.28.

Several equities analysts recently weighed in on the company. Robert W. Baird lifted their price target on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Barclays cut their price objective on Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company upped their target price on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Morgan Stanley reissued an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. Finally, Truist Financial upped their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, November 8th.

Insider Activity at Under Armour

In other news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This represents a 5.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the transaction, the insider now owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

Under Armour Stock Up 3.2 %

UAA stock opened at $8.36 on Friday. Under Armour has a one year low of $6.17 and a one year high of $11.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The firm’s fifty day moving average is $9.20 and its 200 day moving average is $8.21. The firm has a market cap of $3.61 billion, a PE ratio of -278.57 and a beta of 1.69.

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.