Barclays Cuts Under Armour (NYSE:UAA) Price Target to $11.00

Under Armour (NYSE:UAA) had its price objective decreased by Barclays from $12.00 to $11.00 in a research report sent to investors on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities research analysts have also weighed in on UAA. Wells Fargo & Company raised their price target 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. Robert W. Baird raised their target price on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 price target on shares of Under Armour in a research note on Friday, December 13th. Truist Financial increased their price target on Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, TD Cowen upped their target price on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.28.

Under Armour Stock Down 2.1 %

NYSE UAA opened at $8.47 on Monday. The stock has a market cap of $3.66 billion, a PE ratio of -282.24 and a beta of 1.69. The business has a 50 day moving average price of $9.34 and a two-hundred day moving average price of $8.08. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30.

Insiders Place Their Bets

In other news, insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares in the company, valued at approximately $1,599,032.88. This 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 accessible through 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 transaction of $272,700.00. Following the completion of the sale, the chief financial officer now owns 494,210 shares in the company, valued at approximately $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. Insiders have sold 56,879 shares of company stock valued at $508,642 over the last quarter. Insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its stake in Under Armour by 163.6% during 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 in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Under Armour during the third quarter valued at about $56,000. Optas LLC acquired a new stake in Under Armour in the second quarter worth about $72,000. CWM LLC grew its position in 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 buying an additional 1,409 shares in the last quarter. Finally, Koss Olinger Consulting LLC bought a new position in 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.

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.