Under Armour (NYSE:UAA - Get Free Report) was downgraded by Argus from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports.
Several other brokerages have also recently weighed in on UAA. Needham & Company LLC restated a "hold" rating on shares of Under Armour in a research report on Friday, December 13th. Wells Fargo & Company boosted their price target on shares of Under Armour from $8.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. UBS Group boosted their price target on shares of Under Armour from $12.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Morgan Stanley restated an "underweight" rating and issued a $4.00 price target on shares of Under Armour in a research report on Friday, December 13th. Finally, Barclays reduced their price target on shares of Under Armour from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Monday, December 16th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $9.28.
Read Our Latest Analysis on UAA
Under Armour Price Performance
Shares of Under Armour stock traded down $0.04 on Thursday, hitting $8.06. 8,608,449 shares of the company traded hands, compared to its average volume of 8,931,976. The stock has a market capitalization of $3.49 billion, a P/E ratio of -268.71 and a beta of 1.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89. The business has a 50-day simple moving average of $9.13 and a 200 day simple moving average of $8.28.
Insider Activity
In related news, CFO David Bergman sold 30,000 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now directly owns 494,210 shares of the company's stock, 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of the company'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 completion of the sale, the insider now directly owns 182,538 shares of the company's stock, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is currently owned by company insiders.
Institutional Trading of Under Armour
Hedge funds have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. lifted its stake in Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock worth $26,000 after acquiring an additional 1,800 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Under Armour in the third quarter worth about $56,000. CWM LLC raised its holdings 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 in the last quarter. Versant Capital Management Inc raised its holdings in Under Armour by 63.2% in the fourth quarter. Versant Capital Management Inc now owns 10,037 shares of the company's stock worth $83,000 after purchasing an additional 3,885 shares in the last quarter. Finally, City State Bank raised its holdings in Under Armour by 292.6% in the third quarter. City State Bank now owns 10,063 shares of the company's stock worth $90,000 after purchasing an additional 7,500 shares in the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.
About Under Armour
(
Get Free Report)
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.
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