Shares of Under Armour, Inc. (NYSE:UAA – Get Free Report) have earned a consensus recommendation of “Hold” from the twenty-one research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $9.22.
A number of equities analysts recently commented on the company. Morgan Stanley reiterated an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. 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 report on Friday, November 8th. Truist Financial boosted their target price on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 price target on shares of Under Armour in a report on Friday, December 13th. Finally, Argus lowered Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th.
Check Out Our Latest Stock Analysis on UAA
Under Armour Trading Up 5.5 %
Insider Activity
In related news, 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 value of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock valued at $508,642 over the last three months. Insiders own 15.60% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UAA. Compagnie Lombard Odier SCmA acquired a new position in Under Armour in the fourth quarter worth approximately $25,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Under Armour by 163.6% during the 3rd 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 last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Under Armour during the 4th quarter valued at $27,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Under Armour in the 3rd quarter valued at $56,000. Finally, CWM LLC boosted its holdings in Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after purchasing an additional 1,409 shares in the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.
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.
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