Under Armour (NYSE:UAA) Trading Down 5.6% – Time to Sell?

Shares of Under Armour, Inc. (NYSE:UAA) were down 5.6% during mid-day trading on Thursday . The company traded as low as $9.70 and last traded at $9.72. Approximately 2,941,593 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 10,100,159 shares. The stock had previously closed at $10.30.

Analysts Set New Price Targets

UAA has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research report on Friday. BMO Capital Markets boosted their target price on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Truist Financial increased their target price on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 8th. UBS Group lifted their target price on Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company upped their price target on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.34.

Under Armour Stock Down 8.1 %

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The company has a market capitalization of $3.81 billion, a P/E ratio of -293.67 and a beta of 1.69. The firm’s fifty day moving average is $9.34 and its 200-day moving average is $8.04.

Insiders Place Their Bets

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the sale, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock valued at $508,642 in the last ninety days. 15.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Under Armour

A number of institutional investors and hedge funds have recently made changes to their positions in UAA. FMR LLC lifted its position in shares of Under Armour by 144,746.6% during the 3rd quarter. FMR LLC now owns 9,659,823 shares of the company’s stock worth $86,069,000 after buying an additional 9,653,154 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Under Armour by 33,725.1% during the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock valued at $85,526,000 after purchasing an additional 9,570,512 shares during the period. Dimensional Fund Advisors LP increased its position in Under Armour by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after buying an additional 1,051,143 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Under Armour by 195.8% in the third quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock valued at $8,048,000 after buying an additional 597,943 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its stake in shares of Under Armour by 6.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock valued at $51,149,000 after buying an additional 327,979 shares during the period. Institutional investors and hedge funds own 34.58% of the company’s stock.

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.