Under Armour's (UAA) "Market Perform" Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Under Armour (NYSE:UAA - Free Report) in a research report released on Friday,Benzinga reports. The firm currently has a $10.00 target price on the stock.

Several other analysts have also recently commented on UAA. Barclays lowered their target price on 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. Robert W. Baird increased their target price on shares of Under Armour from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Truist Financial boosted their target price 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 lifted their price target on Under Armour from $10.00 to $11.00 and gave the company a "hold" rating in a research report on Friday, December 13th. Finally, Needham & Company LLC restated a "hold" rating on shares of Under Armour in a report on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $9.22.

Under Armour Stock Performance

Shares of Under Armour stock traded up $0.01 during trading on Friday, hitting $8.26. 7,913,385 shares of the stock were exchanged, compared to its average volume of 9,254,088. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The stock's fifty day moving average is $8.77 and its 200 day moving average is $8.44. The stock has a market cap of $3.57 billion, a PE ratio of -275.07 and a beta of 1.69. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89.

Insider Activity at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of the 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 completion of the sale, the chief financial officer now owns 494,210 shares in the company, valued at $4,492,368.90. This represents a 5.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of the business'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 transaction, the insider now owns 172,899 shares in the company, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,879 shares of company stock valued at $508,642. Company insiders own 15.60% of the company's stock.

Institutional Investors Weigh In On Under Armour

Several institutional investors have recently made changes to their positions in UAA. Bank of New York Mellon Corp raised its position in Under Armour by 11.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company's stock valued at $11,853,000 after acquiring an additional 150,958 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Under Armour by 7.1% during the 4th quarter. New York State Common Retirement Fund now owns 116,803 shares of the company's stock valued at $967,000 after purchasing an additional 7,700 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Under Armour during the 4th quarter valued at $214,000. Venturi Wealth Management LLC lifted its stake in shares of Under Armour by 78.2% in the 4th quarter. Venturi Wealth Management LLC now owns 20,804 shares of the company's stock valued at $172,000 after purchasing an additional 9,132 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new stake in Under Armour in the fourth quarter worth $25,000. 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.