Under Armour (NYSE:UAA) Earns Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Under Armour (NYSE:UAA) in a research note published on Friday morning,Benzinga reports. The firm currently has a $10.00 target price on the stock.

Other equities analysts have also recently issued reports about the company. Robert W. Baird upped their price objective on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a report on Friday, December 13th. Morgan Stanley reiterated an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a report on Friday, December 13th. TD Cowen boosted their target price on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, Argus lowered Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Under Armour has a consensus rating of “Hold” and an average price target of $9.22.

Under Armour Price Performance

UAA opened at $8.37 on Friday. The stock has a 50-day moving average price of $8.80 and a 200-day moving average price of $8.41. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Insider Buying and Selling at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 494,210 shares in the company, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction that occurred on 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 $1,523,240.19. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,879 shares of company stock valued at $508,642 in the last 90 days. Insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in UAA. Sei Investments Co. grew its holdings 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 acquiring an additional 1,764 shares during the period. ProShare Advisors LLC bought a new position in Under Armour during the 2nd quarter valued at approximately $119,000. Algert Global LLC bought a new position in Under Armour during the 2nd quarter valued at approximately $127,000. SG Americas Securities LLC increased its position in Under Armour by 54.1% during the 3rd quarter. SG Americas Securities LLC now owns 115,383 shares of the company’s stock valued at $1,028,000 after buying an additional 40,521 shares in the last quarter. Finally, Wright Investors Service Inc. bought a new position in Under Armour during the 3rd quarter valued at approximately $304,000. Hedge funds and other 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.