Barclays Has Lowered Expectations for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA - Get Free Report) had its price objective dropped by analysts at Barclays from $12.00 to $11.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price target indicates a potential upside of 32.13% from the company's current price.

Several other analysts have also weighed in on the company. Telsey Advisory Group restated a "market perform" rating and issued a $10.00 price objective on shares of Under Armour in a report on Friday. BMO Capital Markets upped their price target on shares of Under Armour from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Truist Financial lifted their price objective 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. TD Cowen boosted their target price on shares of Under Armour from $10.00 to $11.00 and gave the stock a "hold" rating in a report on Friday. Finally, Needham & Company LLC restated a "hold" rating on shares of Under Armour in a report on Friday. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Under Armour currently has a consensus rating of "Hold" and an average target price of $9.28.

Under Armour Price Performance

NYSE:UAA traded down $0.49 during midday trading on Monday, hitting $8.33. 12,336,096 shares of the stock were exchanged, compared to its average volume of 10,187,902. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of -277.41 and a beta of 1.69. 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 one year low of $6.17 and a one year high of $11.89. The business has a 50-day moving average price of $9.34 and a two-hundred day moving average price of $8.07.

Insider Activity

In other Under Armour news, CFO David Bergman sold 30,000 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the transaction, the chief financial officer now directly owns 494,210 shares of the company's stock, valued at $4,492,368.90. This represents a 5.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the sale, the insider now owns 182,538 shares of the company's stock, valued at approximately $1,599,032.88. This represents a 8.63 % 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 worth $508,642 in the last 90 days. Company insiders own 15.60% of the company's stock.

Hedge Funds Weigh In On Under Armour

Hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in Under Armour in the third quarter worth approximately $191,000. Neo Ivy Capital Management acquired a new stake in shares of Under Armour in the 3rd quarter valued at $1,482,000. Disciplined Growth Investors Inc. MN boosted its holdings in 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 purchasing an additional 327,979 shares in the last quarter. M&T Bank Corp acquired a new position in Under Armour during the third quarter worth $104,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in 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 buying an additional 1,800 shares in 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.