Under Armour, Inc. (NYSE:UAA) Insider Sells $151,022.40 in Stock

Under Armour, Inc. (NYSE:UAA) insider Mehri Shadman sold 17,240 shares of the business’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 transaction of $151,022.40. Following the completion of the sale, the insider now owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mehri Shadman also recently made the following trade(s):

• On Monday, November 18th, Mehri Shadman sold 9,639 shares of Under Armour stock. The shares were sold at an average price of $8.81, for a total value of $84,919.59.

Under Armour Trading Up 1.9 %

Shares of NYSE UAA opened at $9.29 on Friday. The business has a fifty day simple moving average of $8.80 and a 200-day simple moving average of $7.69. The company has a market cap of $4.02 billion, a price-to-earnings ratio of -309.63, a P/E/G ratio of 3.51 and a beta of 1.66. Under Armour, Inc. has a 12 month low of $6.17 and a 12 month 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.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group lifted their price objective on Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. TD Cowen lifted their price target on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their price objective on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Argus raised shares of Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Finally, Barclays raised their price target on Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $9.03.

Institutional Investors Weigh In On Under Armour

Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in Under Armour by 3,262.0% in the 1st quarter. Russell Investments Group Ltd. now owns 33,317 shares of the company’s stock worth $246,000 after purchasing an additional 32,326 shares during the period. 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 purchasing an additional 8,950 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Under Armour by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock worth $134,665,000 after buying an additional 173,817 shares during the period. Seven Eight Capital LP purchased a new position in shares of Under Armour during the first quarter valued at $1,133,000. Finally, MQS Management LLC acquired a new position in Under Armour during the first quarter valued at $275,000. Institutional investors and hedge funds 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.