Under Armour (NYSE:UAA) Trading Down 3.7% – Time to Sell?

Under Armour, Inc. (NYSE:UAA) fell 3.7% during trading on Tuesday . The stock traded as low as $9.43 and last traded at $9.44. 277,883 shares were traded during mid-day trading, a decline of 97% from the average session volume of 10,218,207 shares. The stock had previously closed at $9.80.

Wall Street Analyst Weigh In

Several research firms have commented on UAA. TD Cowen upped their target price on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Truist Financial upped their target price 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. Wedbush upped their target price on shares of Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Wells Fargo & Company upped their target price on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, Barclays upped their target price on shares of Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.03.

Under Armour Stock Down 2.4 %

The firm has a market cap of $4.13 billion, a P/E ratio of -326.50, a P/E/G ratio of 3.71 and a beta of 1.66. The business’s fifty day moving average price is $8.65 and its two-hundred day moving average price is $7.64. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. grew its stake in Under Armour by 163.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after buying an additional 1,800 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Under Armour in the 3rd quarter valued at $56,000. Optas LLC acquired a new position in Under Armour in the 2nd quarter valued at $72,000. CWM LLC grew its stake in Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying an additional 1,409 shares during the last quarter. Finally, Koss Olinger Consulting LLC acquired a new position in Under Armour in the 2nd quarter valued at $79,000. Institutional investors own 34.58% of the company’s stock.

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.