Under Armour, Inc. (NYSE:UAA) Receives $9.03 Consensus Target Price from Analysts

Under Armour, Inc. (NYSE:UAA) has received an average recommendation of “Hold” from the twenty-one research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $9.34.

UAA has been the topic of several research analyst reports. Robert W. Baird lifted their price target on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research report on Friday. Wells Fargo & Company increased their price target on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. UBS Group lifted their price objective on shares of Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Truist Financial increased their target price on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, November 8th.

Under Armour Stock Down 8.1 %

UAA opened at $8.81 on Monday. Under Armour has a one year low of $6.17 and a one year high of $11.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The stock has a market capitalization of $3.81 billion, a P/E ratio of -293.67 and a beta of 1.69. The business’s 50-day simple moving average is $9.34 and its 200-day simple moving average is $8.04.

Insider Buying and Selling

In other news, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 494,210 shares in the company, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,879 shares of company stock valued at $508,642. Corporate insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new position in shares of Under Armour during the 3rd quarter worth approximately $191,000. Neo Ivy Capital Management purchased a new position in Under Armour during the third quarter worth $1,482,000. Disciplined Growth Investors Inc. MN raised its holdings in shares of Under Armour by 6.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock worth $51,149,000 after acquiring an additional 327,979 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Under Armour in the third quarter valued at $104,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors and hedge funds 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.