Mehri Shadman Sells 17,240 Shares of Under Armour, Inc. (NYSE:UAA) Stock

Under Armour, Inc. (NYSE:UAA) insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction on Friday, November 15th. The shares were 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 of the company’s stock, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Mehri Shadman also recently made the following trade(s):

• On Monday, November 18th, Mehri Shadman sold 9,639 shares of Under Armour stock. The shares were sold at an average price of $8.81, for a total value of $84,919.59.

Under Armour Stock Up 1.9 %

NYSE:UAA opened at $9.29 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. Under Armour, Inc. has a 12-month low of $6.17 and a 12-month high of $11.89. The firm has a market capitalization of $4.02 billion, a P/E ratio of -309.63, a P/E/G ratio of 3.51 and a beta of 1.66. The stock’s fifty day simple moving average is $8.80 and its 200-day simple moving average is $7.69.

Analyst Upgrades and Downgrades

UAA has been the subject of several research reports. Argus upgraded Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Wells Fargo & Company boosted their target price on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Truist Financial raised their price target 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. Robert W. Baird upped their price objective on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Stifel Nicolaus raised their target price on Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.03.

Institutional Investors Weigh In On Under Armour

Several hedge funds have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its stake in Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after buying an additional 1,800 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Under Armour in the 3rd quarter worth $56,000. Optas LLC bought a new position in Under Armour during the 2nd quarter worth about $72,000. 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 purchasing an additional 1,409 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new stake in shares of Under Armour in the 2nd quarter valued at about $79,000. 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.