Under Armour's (UAA) "Hold" Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Under Armour (NYSE:UAA - Free Report) in a report published on Friday,Benzinga reports.

UAA has been the subject of several other research reports. Robert W. Baird boosted their price objective on shares of Under Armour from $8.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Barclays upped their price objective on shares of Under Armour from $8.00 to $12.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Truist Financial raised their price objective on Under Armour from $8.00 to $11.00 and gave the stock a "hold" rating in a report on Friday, November 8th. TD Cowen upped their target price on Under Armour from $7.00 to $8.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $8.00 price target on shares of Under Armour in a research report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Under Armour currently has an average rating of "Hold" and a consensus target price of $9.34.

Under Armour Stock Down 8.1 %

Shares of UAA traded down $0.78 during mid-day trading on Friday, reaching $8.81. The company's stock had a trading volume of 16,978,746 shares, compared to its average volume of 10,178,996. The company's 50 day moving average is $9.34 and its 200 day moving average is $8.03. The stock has a market cap of $3.81 billion, a PE ratio of -293.67 and a beta of 1.69. Under Armour has a 12-month low of $6.17 and a 12-month 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.

Insiders Place Their Bets

In related news, insider Mehri Shadman sold 9,639 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was 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 approximately $1,523,240.19. This represents a 5.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now directly owns 494,210 shares of the company's stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is owned by corporate insiders.

Institutional Trading of Under Armour

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Under Armour by 144,746.6% during the 3rd quarter. FMR LLC now owns 9,659,823 shares of the company's stock worth $86,069,000 after purchasing an additional 9,653,154 shares during the last quarter. Pacer Advisors Inc. boosted its position in 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 acquiring an additional 9,570,512 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Under Armour by 12.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company's stock worth $62,376,000 after acquiring an additional 1,051,143 shares during the period. Disciplined Growth Investors Inc. MN raised its holdings in Under Armour by 6.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company's stock valued at $51,149,000 after acquiring an additional 327,979 shares during the last quarter. Finally, Maven Securities LTD lifted its stake in shares of Under Armour by 11.8% during the 2nd quarter. Maven Securities LTD now owns 1,341,798 shares of the company's stock worth $8,950,000 after purchasing an additional 141,556 shares during the period. Hedge funds and other institutional investors own 34.58% of the company's stock.

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.