UBS Group Cuts Under Armour (NYSE:UAA) Price Target to $15.00

Under Armour (NYSE:UAAFree Report) had its price objective reduced by UBS Group from $16.00 to $15.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

UAA has been the subject of a number of other research reports. Morgan Stanley restated an “underweight” rating and issued a $4.00 target price on shares of Under Armour in a research report on Friday, December 13th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a report on Friday, December 13th. Wells Fargo & Company increased their target price on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a research report on Friday, December 13th. Finally, Robert W. Baird upped their price target on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.22.

Check Out Our Latest Stock Analysis on UAA

Under Armour Trading Up 5.5 %

NYSE UAA opened at $8.67 on Tuesday. 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’s 50-day simple moving average is $8.83 and its two-hundred day simple moving average is $8.40. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of -288.74 and a beta of 1.70.

Insider Activity at Under Armour

In other Under Armour news, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the transaction, the chief financial officer now owns 494,210 shares in the company, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock worth $508,642 over the last quarter. 15.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Under Armour

A number of institutional investors have recently added to or reduced their stakes in UAA. FMR LLC grew its position in shares of Under Armour by 144,746.6% in 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 during the period. Pacer Advisors Inc. grew its holdings in Under Armour by 33,725.1% in the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock worth $85,526,000 after purchasing an additional 9,570,512 shares during the period. Disciplined Growth Investors Inc. MN increased its stake in shares of Under Armour by 6.1% during 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 purchasing an additional 327,979 shares in the last quarter. Maven Securities LTD increased its stake in shares of Under Armour by 11.8% during the second quarter. Maven Securities LTD now owns 1,341,798 shares of the company’s stock valued at $8,950,000 after purchasing an additional 141,556 shares in the last quarter. Finally, Verition Fund Management LLC lifted its holdings in shares of Under Armour by 27.2% during the third quarter. Verition Fund Management LLC now owns 1,258,342 shares of the company’s stock valued at $11,212,000 after purchasing an additional 269,281 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

About Under Armour

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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.

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