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

Under Armour, Inc. (NYSE:UAA) has been assigned a consensus rating of “Hold” from the twenty-one research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $9.22.

A number of equities analysts recently weighed in on UAA shares. Argus cut Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Barclays decreased 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. Wells Fargo & Company raised their price target on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. TD Cowen raised their price target on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research report on Friday, December 13th.

Insider Activity at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction on Monday, December 2nd. The stock was 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 in the company, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction on Monday, November 18th. The shares were 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 $1,523,240.19. The trade was a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock worth $508,642 over the last ninety days. 15.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP raised its stake in Under Armour by 288.1% during 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 last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Under Armour during the third quarter valued at $576,000. International Assets Investment Management LLC raised 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 valued at $638,000 after buying an additional 68,786 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Under Armour by 48.1% in the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock worth $5,470,000 after purchasing an additional 199,348 shares during the last quarter. Finally, Maverick Capital Ltd. purchased a new position in shares of Under Armour in the third quarter worth $1,580,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Price Performance

Shares of NYSE UAA opened at $8.26 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89. The stock’s 50-day moving average is $8.77 and its 200 day moving average is $8.44.

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.