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

Shares of Under Armour, Inc. (NYSE:UAA - Get Free Report) have received a consensus recommendation of "Hold" from the twenty-one brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $9.03.

A number of analysts have issued reports on the company. Argus raised Under Armour to a "strong-buy" rating in a research report on Thursday, August 15th. BMO Capital Markets boosted their target price on Under Armour from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a research report on Friday, November 22nd. Robert W. Baird upped their price objective on Under Armour from $8.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, TD Cowen upped their price objective on Under Armour from $7.00 to $8.00 and gave the stock a "hold" rating in a research report on Monday, November 4th.

Insider Activity at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of the company's stock in a transaction 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mehri Shadman sold 17,240 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares of the company's stock, valued at $1,599,032.88. This represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock valued at $508,642 over the last quarter. 15.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Under Armour

Large investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of Under Armour by 144,746.6% during the third quarter. FMR LLC now owns 9,659,823 shares of the company's stock worth $86,069,000 after buying an additional 9,653,154 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Under Armour by 33,725.1% during the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company's stock worth $85,526,000 after buying an additional 9,570,512 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Under Armour by 12.7% during the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company's stock worth $62,376,000 after buying an additional 1,051,143 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in shares of Under Armour by 6.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company's stock worth $51,149,000 after buying an additional 327,979 shares during the period. Finally, Maven Securities LTD boosted its stake in shares of Under Armour by 11.8% during the second quarter. Maven Securities LTD now owns 1,341,798 shares of the company's stock worth $8,950,000 after buying an additional 141,556 shares during the period. Institutional investors and hedge funds own 34.58% of the company's stock.

Under Armour Trading Up 0.5 %

NYSE UAA traded up $0.06 on Monday, reaching $10.18. The stock had a trading volume of 7,994,467 shares, compared to its average volume of 10,133,056. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of -339.17 and a beta of 1.69. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The stock has a fifty day moving average price of $9.26 and a two-hundred day moving average price of $7.98.

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.