Needham & Company LLC Reaffirms Hold Rating for Under Armour (NYSE:UAA)

Needham & Company LLC reiterated their hold rating on shares of Under Armour (NYSE:UAA) in a research report released on Friday morning, MarketBeat reports.

Other equities research analysts have also issued research reports about the stock. Barclays boosted their price target on shares of Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Stifel Nicolaus raised their target price on Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Company boosted their price target on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. TD Cowen lifted their target price on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Finally, BMO Capital Markets increased their target price on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.03.

Under Armour Trading Up 2.9 %

UAA stock opened at $9.80 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89. The company’s 50-day simple moving average is $8.87 and its 200-day simple moving average is $7.73. The firm has a market cap of $4.24 billion, a P/E ratio of -326.56, a PEG ratio of 3.56 and a beta of 1.66.

Insiders Place Their Bets

In related news, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was 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 $1,523,240.19. This trade represents a 5.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 15.60% of the stock is owned by company insiders.

Institutional Trading of Under Armour

A number of large investors have recently bought and sold shares of the business. CWM LLC grew its position in Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying an additional 1,409 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Under Armour by 11.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after buying an additional 1,409 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Under Armour by 7.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after purchasing an additional 1,485 shares in the last quarter. Sei Investments Co. boosted its position in Under Armour by 10.2% during the second quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock worth $127,000 after acquiring an additional 1,764 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Under Armour by 163.6% in the 3rd 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 during the last quarter. Institutional investors and hedge funds 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.