TD Cowen Increases Under Armour (NYSE:UAA) Price Target to $11.00

Under Armour (NYSE:UAA) had its price target increased by stock analysts at TD Cowen from $10.00 to $11.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s target price would suggest a potential upside of 24.86% from the company’s current price.

A number of other analysts have also commented on UAA. UBS Group increased their price objective on Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Robert W. Baird raised their price target on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. BMO Capital Markets lifted their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company upped their price objective on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research report on Friday. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.34.

Under Armour Stock Performance

Shares of NYSE:UAA opened at $8.81 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average price is $9.34 and its two-hundred day moving average price is $8.05. Under Armour has a one year low of $6.17 and a one year high of $11.89.

Insider Buying and Selling at Under Armour

In related 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 transaction of $272,700.00. Following the completion of the sale, the chief financial officer now owns 494,210 shares of the company’s stock, 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 can be accessed through the SEC website. Also, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction that occurred 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 directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders 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 large investors have recently made changes to their positions in UAA. Quantbot Technologies LP lifted its holdings in shares of Under Armour by 288.1% during the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock valued at $3,772,000 after acquiring an additional 314,226 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in Under Armour by 1.3% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock valued at $36,102,000 after purchasing an additional 70,731 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Under Armour in the third quarter valued at about $576,000. International Assets Investment Management LLC lifted its stake in shares of Under Armour by 2,413.5% during the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock worth $638,000 after purchasing an additional 68,786 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Under Armour by 48.1% in the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock worth $5,470,000 after buying an additional 199,348 shares during the period. Institutional investors and hedge funds own 34.58% of the company’s stock.

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.