Needham & Company LLC Reiterates “Hold” Rating for Under Armour (NYSE:UAA)

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

A number of other equities analysts have also commented on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $8.00 price target on shares of Under Armour in a report on Monday, November 4th. UBS Group raised their price target on Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Barclays lifted their price target on Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Argus upgraded Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Finally, BMO Capital Markets boosted their target price on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.34.

Under Armour Stock Down 8.1 %

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 has a 50-day moving average of $9.34 and a 200-day moving average of $8.06. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of -293.57 and a beta of 1.69. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89.

Insider Transactions at Under Armour

In other Under Armour news, 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 transaction, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares of the company’s stock, 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. Over the last ninety days, insiders sold 56,879 shares of company stock worth $508,642. Company insiders own 15.60% of the company’s stock.

Institutional Trading of Under Armour

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP raised its position in shares of Under Armour by 288.1% in the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after acquiring an additional 314,226 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in Under Armour by 1.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after purchasing an additional 70,731 shares during the period. China Universal Asset Management Co. Ltd. bought a new position in Under Armour in the third quarter worth $576,000. International Assets Investment Management LLC lifted its position in 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 valued at $638,000 after buying an additional 68,786 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Under Armour by 48.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after buying an additional 199,348 shares in the last quarter. 34.58% of the stock is currently 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.