UBS Group Issues Pessimistic Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its target price cut by UBS Group from $16.00 to $15.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on UAA. TD Cowen boosted their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, December 13th. Wells Fargo & Company increased their price target on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Argus lowered Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Robert W. Baird increased their target price on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Morgan Stanley restated an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.22.

Under Armour Trading Up 5.5 %

Under Armour stock opened at $8.67 on Tuesday. Under Armour has a one year low of $6.17 and a one year high of $11.89. The business’s fifty day moving average is $8.83 and its 200 day moving average is $8.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. The stock has a market capitalization of $3.75 billion, a PE ratio of -288.74 and a beta of 1.70.

Insider Activity at Under Armour

In other Under Armour news, insider Mehri Shadman sold 17,240 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 182,538 shares of the company’s stock, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Under Armour

Institutional investors have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Under Armour by 41.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,955 shares of the company’s stock valued at $106,000 after purchasing an additional 4,653 shares during the last quarter. Sei Investments Co. lifted its position in shares of Under Armour by 10.2% in the second quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock worth $127,000 after buying an additional 1,764 shares in the last quarter. ProShare Advisors LLC bought a new position in Under Armour during the second quarter valued at approximately $119,000. Algert Global LLC purchased a new position in Under Armour during the 2nd quarter valued at approximately $127,000. Finally, Maven Securities LTD increased its stake in Under Armour by 11.8% in the 2nd quarter. Maven Securities LTD now owns 1,341,798 shares of the company’s stock worth $8,950,000 after acquiring an additional 141,556 shares during the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

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.