TD Cowen Issues Positive Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its price objective raised by investment analysts at TD Cowen from $10.00 to $11.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s target price indicates a potential upside of 24.29% from the company’s previous close.

Other analysts have also recently issued reports about the company. Robert W. Baird boosted their price objective on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Telsey Advisory Group restated a “market perform” rating and set a $10.00 price objective on shares of Under Armour in a research report on Friday. Truist Financial lifted their target price on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, November 8th. UBS Group lifted their price objective on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Argus upgraded Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Under Armour currently has a consensus rating of “Hold” and a consensus price target of $9.34.

Under Armour Stock Performance

Under Armour stock traded down $0.74 during midday trading on Friday, hitting $8.85. 7,293,612 shares of the company were exchanged, compared to its average volume of 10,136,492. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The business has a fifty day simple moving average of $9.34 and a two-hundred day simple moving average of $8.03. The firm has a market capitalization of $3.83 billion, a PE ratio of -294.90 and a beta of 1.69.

Insider Buying and Selling

In other news, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the transaction, the insider now directly owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction on 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 directly owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This trade 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 worth $508,642. Company insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

Large investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its holdings in Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after purchasing an additional 1,800 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Under Armour in the 3rd quarter valued at approximately $56,000. Optas LLC acquired a new stake in Under Armour during the 2nd quarter valued at $72,000. CWM LLC increased its position in Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after buying an additional 1,409 shares in the last quarter. Finally, Koss Olinger Consulting LLC acquired a new position in shares of Under Armour in the second quarter worth $79,000. Hedge funds and other 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.