Under Armour’s (UAA) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Under Armour (NYSE:UAA) in a research note issued to investors on Friday,Benzinga reports. Telsey Advisory Group currently has a $10.00 price objective on the stock.

Several other brokerages also recently commented on UAA. Argus raised Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Barclays upped their target price on Under Armour from $8.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Truist Financial raised their price target on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 8th. TD Cowen upped their price objective on shares of Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research note on Friday. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.34.

Under Armour Price Performance

UAA stock opened at $8.81 on Friday. The company has a market capitalization of $3.81 billion, a P/E ratio of -293.67 and a beta of 1.69. The company has a fifty day moving average price of $9.34 and a 200-day moving average price of $8.04. 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.

Insider Buying and Selling

In other news, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at $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 available at this link. Also, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the transaction, the insider now directly owns 182,538 shares in the company, valued at approximately $1,599,032.88. The trade was a 8.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock worth $508,642 in the last ninety days. Corporate insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UAA. FMR LLC lifted its stake in Under Armour by 144,746.6% during the 3rd quarter. FMR LLC now owns 9,659,823 shares of the company’s stock valued at $86,069,000 after acquiring an additional 9,653,154 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Under Armour by 33,725.1% during the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock valued at $85,526,000 after purchasing an additional 9,570,512 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Under Armour by 12.7% during the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after purchasing an additional 1,051,143 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Under Armour by 6.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock valued at $51,149,000 after buying an additional 327,979 shares during the last quarter. Finally, Maven Securities LTD lifted its position in shares of Under Armour by 11.8% during the 2nd quarter. Maven Securities LTD now owns 1,341,798 shares of the company’s stock worth $8,950,000 after buying an additional 141,556 shares in the last quarter. Institutional investors own 34.58% of the company’s stock.

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.