Under Armour (NYSE:UAA) Stock Rating Lowered by Argus

Argus lowered shares of Under Armour (NYSE:UAA) from a buy rating to a hold rating in a report published on Thursday, Marketbeat Ratings reports.

Several other analysts also recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Truist Financial increased their price target on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Barclays cut their price objective on Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Robert W. Baird increased their target price on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Under Armour currently has an average rating of “Hold” and an average target price of $9.28.

Under Armour Stock Up 1.3 %

Shares of NYSE:UAA opened at $8.19 on Thursday. The company has a 50 day moving average price of $9.04 and a two-hundred day moving average price of $8.30. 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 company has a market capitalization of $3.54 billion, a PE ratio of -272.74 and a beta of 1.70. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89.

Insider Buying and Selling at Under Armour

In related news, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the sale, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated 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. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock worth $508,642 over the last ninety days. 15.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Under Armour

Hedge funds have recently made changes to their positions in the business. CWM LLC increased its holdings in shares of Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after acquiring an additional 1,409 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of 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 purchasing an additional 1,409 shares during the last quarter. MCF Advisors LLC increased its holdings in shares of Under Armour by 7.6% in the fourth quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock valued at $167,000 after purchasing an additional 1,419 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of 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 purchasing an additional 1,485 shares during the period. Finally, Sei Investments Co. lifted 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 worth $127,000 after buying an additional 1,764 shares during the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

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.