UBS Group Cuts Under Armour (NYSE:UAA) Price Target to $15.00

Under Armour (NYSE:UAA - Free Report) had its price objective cut by UBS Group from $16.00 to $15.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also recently commented on UAA. Barclays cut their price target on shares of Under Armour from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Monday, December 16th. Morgan Stanley reaffirmed an "underweight" rating and set a $4.00 price objective on shares of Under Armour in a report on Friday, December 13th. Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a research note on Friday, December 13th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $10.00 price target on shares of Under Armour in a research note on Friday, December 13th. Finally, Robert W. Baird increased their price objective on Under Armour from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $9.22.

Under Armour Price Performance

Shares of UAA traded down $0.29 during trading hours on Tuesday, reaching $8.37. 7,201,657 shares of the company's stock traded hands, compared to its average volume of 8,914,187. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The stock has a market cap of $3.62 billion, a PE ratio of -278.84 and a beta of 1.70. The firm's 50 day simple moving average is $8.83 and its 200-day simple moving average is $8.40.

Insider Buying and Selling

In related news, insider Mehri Shadman sold 17,240 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the transaction, the insider now owns 182,538 shares in the company, valued at $1,599,032.88. The trade was a 8.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 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. Insiders have sold a total of 56,879 shares of company stock valued at $508,642 over the last three months. 15.60% of the stock is owned by company insiders.

Institutional Trading of Under Armour

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA bought a new stake in Under Armour during the 4th quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Under Armour by 163.6% in 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 during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Under Armour in the 4th quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Under Armour during the third quarter valued at approximately $56,000. Finally, CWM LLC grew its stake in Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company's stock worth $73,000 after purchasing an additional 1,409 shares during the period. Hedge funds and other 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.