Telsey Advisory Group Reaffirms “Market Perform” Rating for Under Armour (NYSE:UAA)

Under Armour (NYSE:UAA)‘s stock had its “market perform” rating restated by analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They presently have a $10.00 price objective on the stock. Telsey Advisory Group’s target price indicates a potential upside of 37.27% from the company’s current price.

UAA has been the subject of a number of other research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research report on Friday, December 13th. Barclays decreased their target price on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Truist Financial increased their price target on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company increased their price target on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.22.

Under Armour Stock Down 4.1 %

Shares of UAA stock opened at $7.29 on Thursday. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of -242.75 and a beta of 1.69. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The firm has a fifty day moving average of $8.67 and a 200-day moving average of $8.45. 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 (NYSE:UAA) last released its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 0.27% and a positive return on equity of 13.20%. During the same period in the prior year, the company earned $0.19 earnings per share. As a group, equities research analysts predict that Under Armour will post 0.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction dated 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 owns 172,899 shares in the company, valued at $1,523,240.19. The trade was a 5.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated Monday, December 2nd. The stock was 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 of the company’s stock, 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 56,879 shares of company stock worth $508,642 in the last quarter. 15.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Under Armour

Several hedge funds and other institutional investors have recently bought and sold shares of UAA. Compagnie Lombard Odier SCmA bought a new position in Under Armour in the 4th quarter valued at about $25,000. Nomura Asset Management Co. Ltd. increased its holdings in Under Armour by 163.6% in the 3rd 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 during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Under Armour in the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new position in Under Armour in the 4th quarter valued at about $40,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Under Armour in the 3rd quarter valued at about $56,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

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.