Under Armour (NYSE:UAA) Earns Hold Rating from Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Under Armour (NYSE:UAA - Free Report) in a report issued on Friday morning, MarketBeat.com reports.

A number of other equities analysts have also recently issued reports on the stock. 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. TD Cowen increased their target price on shares of Under Armour from $7.00 to $8.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Stifel Nicolaus increased their target price on shares of Under Armour from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Truist Financial increased their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Finally, Wells Fargo & Company increased their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Under Armour currently has an average rating of "Hold" and a consensus target price of $9.03.

Under Armour Stock Performance

Under Armour stock traded up $0.28 during mid-day trading on Friday, reaching $9.52. The company had a trading volume of 7,304,027 shares, compared to its average volume of 10,240,176. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of -316.23, a PEG ratio of 3.51 and a beta of 1.66. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $8.84 and a 200-day moving average of $7.70.

Insiders Place Their Bets

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the sale, the insider now directly owns 172,899 shares of the company's stock, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 15.60% of the company's stock.

Hedge Funds Weigh In On Under Armour

Several institutional investors and hedge funds have recently modified their holdings of the stock. Neo Ivy Capital Management acquired a new position in shares of Under Armour in the third quarter valued at $1,482,000. Disciplined Growth Investors Inc. MN grew its stake in shares of Under Armour by 6.1% in the third 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 in the last quarter. M&T Bank Corp acquired a new position in shares of Under Armour in the third quarter valued at about $104,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock valued at $26,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in shares of Under Armour by 15.3% in the third quarter. Orion Portfolio Solutions LLC now owns 59,237 shares of the company's stock valued at $528,000 after acquiring an additional 7,839 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.