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

Under Armour (NYSE:UAA)‘s stock had its “market perform” rating reissued by investment analysts at Telsey Advisory Group in a research note issued to investors on Friday,Benzinga reports. They presently have a $10.00 price target on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 4.28% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Argus raised shares of Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. 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. Truist Financial lifted their price objective on Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a report on Friday, November 8th. Robert W. Baird increased their target price on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company boosted their price target on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.16.

Under Armour Trading Down 6.9 %

Shares of Under Armour stock opened at $9.59 on Friday. The business has a fifty day simple moving average of $9.34 and a two-hundred day simple moving average of $8.03. 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 company has a market capitalization of $4.15 billion, a price-to-earnings ratio of -319.56 and a beta of 1.69. Under Armour has a 1 year low of $6.17 and a 1 year high of $11.89.

Insiders Place Their Bets

In other news, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction dated 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 directly owns 172,899 shares in the company, 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 the SEC website. Also, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value 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. The trade was a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock valued at $508,642 in the last ninety days. 15.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after buying an additional 1,409 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Under Armour by 11.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after acquiring an additional 1,409 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Under Armour by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock worth $203,000 after acquiring an additional 1,485 shares during the period. Sei Investments Co. raised its position in shares of Under Armour by 10.2% in 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 in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after purchasing an additional 1,800 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.