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

Argus downgraded shares of Under Armour (NYSE:UAA) from a buy rating to a hold rating in a research report released on Thursday morning, MarketBeat.com reports.

Several other equities analysts have also recently weighed in on UAA. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. TD Cowen upped their price target on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. UBS Group lifted their target price on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price objective on shares of Under Armour in a research report on Friday, December 13th. Finally, Barclays decreased their price target on Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.28.

Under Armour Price Performance

UAA stock opened at $8.06 on Thursday. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The stock’s 50 day simple moving average is $9.07 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.

Insider Buying and Selling at Under Armour

In related news, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the sale, the insider now directly owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Bergman sold 30,000 shares of Under Armour 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 transaction, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,879 shares of company stock valued at $508,642. Corporate insiders own 15.60% of the company’s stock.

Institutional Trading of Under Armour

A number of institutional investors and hedge funds have recently modified their holdings of the business. M.E. Allison & CO. Inc. acquired a new position in shares of Under Armour during the fourth quarter valued at $156,000. Kera Capital Partners Inc. bought a new position in shares of Under Armour during the 4th quarter valued at about $189,000. Marcum Wealth LLC bought a new stake in shares of Under Armour in the 4th quarter worth approximately $395,000. Harbor Capital Advisors Inc. lifted its stake in Under Armour by 40.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 66,001 shares of the company’s stock valued at $546,000 after purchasing an additional 18,906 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of Under Armour in the fourth quarter valued at $225,000. 34.58% of the stock is owned by institutional investors and hedge funds.

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.