Under Armour (NYSE:UAA) Stock Price Expected to Rise, TD Cowen Analyst Says

Under Armour (NYSE:UAA - Get Free Report) had its price objective hoisted by equities researchers at TD Cowen from $10.00 to $11.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "hold" rating on the stock. TD Cowen's price objective indicates a potential upside of 24.86% from the stock's previous close.

A number of other equities analysts also recently issued reports on UAA. UBS Group increased their price objective on shares of Under Armour from $12.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $10.00 target price on shares of Under Armour in a research report on Friday. Truist Financial lifted their price target on Under Armour from $8.00 to $11.00 and gave the company a "hold" rating in a report on Friday, November 8th. Barclays upped their price objective on Under Armour from $8.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company lifted their target price 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. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $9.34.

Under Armour Trading Down 8.1 %

Shares of Under Armour stock traded down $0.78 on Friday, hitting $8.81. 16,982,341 shares of the company traded hands, compared to its average volume of 10,179,003. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89. The company has a market cap of $3.81 billion, a PE ratio of -293.67 and a beta of 1.69. The stock's 50 day moving average price is $9.34 and its 200-day moving average price is $8.05. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Insider Buying and Selling at Under Armour

In other news, CFO David Bergman sold 30,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the sale, the chief financial officer now owns 494,210 shares of the company's stock, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction that occurred 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 trade represents a 8.63 % 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 quarter. 15.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Under Armour

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its position in Under Armour by 144,746.6% in the 3rd quarter. FMR LLC now owns 9,659,823 shares of the company's stock valued at $86,069,000 after purchasing an additional 9,653,154 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Under Armour by 33,725.1% in the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company's stock valued at $85,526,000 after acquiring an additional 9,570,512 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Under Armour by 12.7% in the second 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 last quarter. Disciplined Growth Investors Inc. MN grew its holdings in Under Armour by 6.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company's stock worth $51,149,000 after acquiring an additional 327,979 shares in the last quarter. Finally, Maven Securities LTD increased its position in shares of Under Armour by 11.8% in the 2nd quarter. Maven Securities LTD now owns 1,341,798 shares of the company's stock valued at $8,950,000 after purchasing an additional 141,556 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.