Under Armour’s (UAA) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Under Armour (NYSE:UAA) in a report published on Friday, Marketbeat Ratings reports.

Several other research firms have also recently weighed in on UAA. Barclays lifted their price target on shares of Under Armour from $8.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $8.00 price objective on shares of Under Armour in a research report on Monday, November 4th. Argus upgraded shares of Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. TD Cowen lifted their price target on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Finally, Robert W. Baird upped their target price on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Three investment 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.03.

Under Armour Stock Performance

Shares of NYSE:UAA opened at $9.80 on Friday. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89. The company has a market cap of $4.24 billion, a price-to-earnings ratio of -326.56, a price-to-earnings-growth ratio of 3.56 and a beta of 1.66. 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 company has a 50-day moving average price of $8.87 and a 200-day moving average price of $7.73.

Insider Activity at Under Armour

In other news, insider Mehri Shadman sold 9,639 shares of the business’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 of the company’s stock, valued at approximately $1,523,240.19. The trade was a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 15.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. increased its stake 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 worth $26,000 after buying an additional 1,800 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Under Armour in the 3rd quarter valued at about $56,000. CWM LLC lifted its holdings in Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after buying an additional 1,409 shares during the period. City State Bank boosted its position in Under Armour by 292.6% during the third quarter. City State Bank now owns 10,063 shares of the company’s stock valued at $90,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Baker Avenue Asset Management LP purchased a new position in shares of Under Armour in the 3rd quarter worth approximately $92,000. Hedge funds and other institutional investors 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.