Under Armour (NYSE:UAA) Downgraded to Hold Rating by Argus

Under Armour (NYSE:UAA) was downgraded by research analysts at Argus from a “buy” rating to a “hold” rating in a note issued to investors on Thursday,Briefing.com Automated Import reports.

Several other equities research analysts have also recently commented on the stock. Barclays lowered their price target on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 target price on shares of Under Armour in a report on Friday, December 13th. Morgan Stanley reissued an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. Robert W. Baird raised their price target on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company upped their price objective on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.28.

Under Armour Price Performance

Under Armour stock opened at $8.09 on Thursday. The business’s 50-day simple moving average is $9.13 and its 200 day simple moving average is $8.28. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of -269.58 and a beta of 1.70. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89.

Insider Activity at Under Armour

In other 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 value of $272,700.00. Following the sale, the chief financial officer now 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 SEC, which can be accessed through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of the business’s 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 sale, 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. In the last ninety days, insiders have sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Under Armour

Several hedge funds have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised 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 valued at $26,000 after acquiring an additional 1,800 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Under Armour in the third quarter valued at $56,000. CWM LLC raised its position in shares of Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after purchasing an additional 1,409 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Under Armour during the 2nd quarter worth about $80,000. Finally, Versant Capital Management Inc lifted its stake in shares of Under Armour by 63.2% during the 4th quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock worth $83,000 after buying an additional 3,885 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Company Profile

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.