Under Armour (NYSE:UAA) Earns "Market Perform" Rating from Telsey Advisory Group

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

Several other equities research analysts have also issued reports on UAA. 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 research report on Friday, November 8th. Truist Financial increased their price objective on shares of Under Armour from $8.00 to $11.00 and gave the company a "hold" rating in a research report on Friday, November 8th. BMO Capital Markets lifted their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Needham & Company LLC restated a "hold" rating on shares of Under Armour in a research note on Friday. Finally, UBS Group lifted their price target on shares of Under Armour from $12.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Under Armour presently has a consensus rating of "Hold" and an average target price of $9.34.

Under Armour Trading Down 8.1 %

UAA stock traded down $0.78 during trading on Friday, reaching $8.81. 16,978,746 shares of the stock traded hands, compared to its average volume of 10,178,996. The firm has a market capitalization of $3.81 billion, a PE ratio of -293.67 and a beta of 1.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. The business's 50 day moving average price is $9.34 and its 200-day moving average price is $8.03. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89.

Insider Activity

In other Under Armour 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 transaction, the chief financial officer now owns 494,210 shares in the company, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mehri Shadman sold 17,240 shares of the firm's 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 sale, 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 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 insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. lifted its holdings 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 purchasing an additional 1,800 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Under Armour during the 3rd quarter worth about $56,000. Optas LLC acquired a new stake in shares of Under Armour in the 2nd quarter worth approximately $72,000. CWM LLC boosted its holdings in shares of Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company's stock valued at $73,000 after acquiring an additional 1,409 shares in the last quarter. Finally, Koss Olinger Consulting LLC acquired a new position in shares of Under Armour during the second quarter valued at approximately $79,000. 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.