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

Shares of Under Armour, Inc. (NYSE:UAA) have received a consensus rating of “Hold” from the twenty-one analysts that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $9.03.

A number of research firms recently issued reports on UAA. Robert W. Baird boosted their target price on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Argus upgraded Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. 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 report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research report on Friday, November 22nd. Finally, Barclays increased their price target on Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th.

Insiders Place Their Bets

In related news, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the sale, the insider now owns 172,899 shares of the company’s stock, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction 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 of the company’s stock, 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. Insiders have sold 56,879 shares of company stock worth $508,642 over the last ninety days. Corporate insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Under Armour

Several institutional investors have recently added to or reduced their stakes in UAA. Nomura Asset Management Co. Ltd. raised its stake in Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after acquiring an additional 1,800 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Under Armour during the third quarter worth about $56,000. Optas LLC purchased a new stake in shares of Under Armour in the 2nd quarter valued at about $72,000. CWM LLC boosted its position in shares of 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 purchasing an additional 1,409 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new position in Under Armour during the second quarter worth approximately $79,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Price Performance

Shares of NYSE:UAA opened at $10.30 on Monday. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89. The company’s 50 day moving average is $9.32 and its 200 day moving average is $8.02. The company has a market cap of $4.45 billion, a PE ratio of -343.33 and a beta of 1.69.

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.