Under Armour (NYSE:UAA) Price Target Cut to $15.00 by Analysts at UBS Group

Under Armour (NYSE:UAAFree Report) had its price target reduced by UBS Group from $16.00 to $15.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 price objective on shares of Under Armour in a report on Friday, December 13th. Truist Financial lifted their price objective on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research report on Friday, December 13th. Morgan Stanley reiterated an “underweight” rating and issued a $4.00 target price on shares of Under Armour in a research report on Friday, December 13th. Finally, Wells Fargo & Company lifted their target price on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Three 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.22.

Check Out Our Latest Report on Under Armour

Under Armour Stock Down 1.5 %

UAA opened at $8.13 on Tuesday. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. 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 company has a fifty day moving average of $8.86 and a two-hundred day moving average of $8.40. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of -271.04 and a beta of 1.70.

Insiders Place Their Bets

In other Under Armour news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the transaction, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the transaction, the insider now directly owns 182,538 shares in the company, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock valued at $508,642 over the last ninety days. Company insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

A number of institutional investors have recently bought and sold shares of UAA. Nomura Asset Management Co. Ltd. raised its stake in Under Armour by 163.6% during 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. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Under Armour in the 4th quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Under Armour in the 3rd quarter valued at approximately $56,000. CWM LLC raised its stake in shares of 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 acquiring an additional 1,409 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Under Armour by 63.2% in the 4th quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock valued at $83,000 after acquiring an additional 3,885 shares during the period. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Company Profile

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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.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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