Under Armour (NYSE:UAA) Trading Down 3.7% on Insider Selling

Under Armour, Inc. (NYSE:UAA)’s stock price fell 3.7% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $9.43 and last traded at $9.44. 277,883 shares changed hands during trading, a decline of 97% from the average session volume of 10,218,207 shares. The stock had previously closed at $9.80.

Specifically, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the transaction, the insider now directly owns 172,899 shares of the company’s stock, valued at $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction on 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 directly owns 182,538 shares in the company, valued at approximately $1,599,032.88. This represents a 8.63 % decrease in their position. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UAA. TD Cowen increased their price target on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a report on Monday, November 4th. Stifel Nicolaus lifted their target price on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Argus upgraded Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. BMO Capital Markets upped their target price on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Barclays increased their target price on Under Armour from $8.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.03.

Under Armour Stock Performance

The company has a market cap of $3.94 billion, a P/E ratio of -303.73, a PEG ratio of 3.51 and a beta of 1.66. The stock has a fifty day moving average price of $8.80 and a two-hundred day moving average price of $7.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Disciplined Growth Investors Inc. MN lifted its holdings in Under Armour by 1.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after purchasing an additional 70,731 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in Under Armour in the third quarter worth approximately $576,000. International Assets Investment Management LLC increased its position in shares of Under Armour by 2,413.5% during the 3rd quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock valued at $638,000 after purchasing an additional 68,786 shares during the period. Jane Street Group LLC raised its stake in shares of Under Armour by 40.5% in the 1st quarter. Jane Street Group LLC now owns 562,031 shares of the company’s stock worth $4,148,000 after buying an additional 162,013 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of Under Armour by 40.3% in the first quarter. Blair William & Co. IL now owns 31,158 shares of the company’s stock valued at $230,000 after buying an additional 8,950 shares during the period. Institutional investors 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.