Under Armour, Inc. (NYSE:UAA) Given Consensus Recommendation of “Hold” by Brokerages

Under Armour, Inc. (NYSE:UAA) has earned a consensus rating of “Hold” from the twenty-one ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $9.28.

Several equities analysts have issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research report on Friday, December 13th. Barclays lowered their target price on Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. Argus cut Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a research note on Friday, December 13th. Finally, Truist Financial lifted their target price on Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, November 8th.

Insiders Place Their Bets

In other Under Armour news, 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 transaction 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. The trade was a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mehri Shadman sold 9,639 shares of Under Armour 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 transaction, the insider now owns 172,899 shares in the company, 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 ninety days, insiders have sold 56,879 shares of company stock worth $508,642. Corporate insiders own 15.60% of the company’s stock.

Institutional Trading of Under Armour

A number of institutional investors have recently modified their holdings of UAA. Bleakley Financial Group LLC raised its holdings in Under Armour by 20.0% during the fourth quarter. Bleakley Financial Group LLC now owns 51,852 shares of the company’s stock worth $429,000 after acquiring an additional 8,627 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Under Armour during the fourth quarter worth about $27,000. Optas LLC raised its holdings in Under Armour by 5.5% during the fourth quarter. Optas LLC now owns 28,519 shares of the company’s stock worth $236,000 after acquiring an additional 1,484 shares in the last quarter. Caprock Group LLC raised its holdings in Under Armour by 29.1% during the fourth quarter. Caprock Group LLC now owns 15,295 shares of the company’s stock worth $127,000 after acquiring an additional 3,448 shares in the last quarter. Finally, KBC Group NV raised its holdings in Under Armour by 27.5% during the fourth quarter. KBC Group NV now owns 13,588 shares of the company’s stock worth $113,000 after acquiring an additional 2,929 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors.

Under Armour Trading Down 2.0 %

Shares of UAA opened at $8.26 on Tuesday. The stock has a fifty day moving average price of $8.88 and a two-hundred day moving average price of $8.39. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89. The company has a market cap of $3.57 billion, a price-to-earnings ratio of -275.07 and a beta of 1.70.

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.