Under Armour, Inc. (NYSE:UAA) Given Consensus Recommendation of "Hold" by Brokerages

Under Armour, Inc. (NYSE:UAA - Get Free Report) has received an average recommendation of "Hold" from the twenty-one ratings firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $9.28.

UAA has been the subject of several recent research reports. Morgan Stanley reissued an "underweight" rating and issued a $4.00 target price on shares of Under Armour in a research report on Friday, December 13th. UBS Group raised their target price on Under Armour from $12.00 to $16.00 and gave the company a "buy" rating in a report on Friday, November 8th. BMO Capital Markets upped their price target on Under Armour from $10.00 to $11.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Wells Fargo & Company raised their price objective 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. Finally, Barclays reduced their target price on Under Armour from $12.00 to $11.00 and set an "equal weight" rating for the company in a report on Monday, December 16th.

Insiders Place Their Bets

In other news, CFO David Bergman sold 30,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the transaction, the chief financial officer now directly owns 494,210 shares of the company's stock, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mehri Shadman sold 9,639 shares of the business's stock in a transaction 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 completion of the sale, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in UAA. Quantbot Technologies LP grew its position in Under Armour by 288.1% during the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company's stock worth $3,772,000 after acquiring an additional 314,226 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Under Armour by 1.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company's stock worth $36,102,000 after purchasing an additional 70,731 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of Under Armour during the third quarter worth $576,000. International Assets Investment Management LLC increased its stake in shares of Under Armour by 2,413.5% in the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company's stock valued at $638,000 after buying an additional 68,786 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Under Armour by 48.1% in the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company's stock valued at $5,470,000 after buying an additional 199,348 shares during the last quarter. 34.58% of the stock is owned by institutional investors.

Under Armour Stock Up 3.2 %

UAA traded up $0.26 during trading on Friday, reaching $8.36. 7,199,555 shares of the stock traded hands, compared to its average volume of 6,838,777. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of -278.57 and a beta of 1.69. The stock's 50-day simple moving average is $9.20 and its two-hundred day simple moving average is $8.20. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

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.