Under Armour, Inc. (NYSE:UAA) CFO Sells $272,700.00 in Stock

Under Armour, Inc. (NYSE:UAA) CFO David Bergman sold 30,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Under Armour Price Performance

NYSE UAA traded up $0.03 during trading on Tuesday, hitting $10.19. The stock had a trading volume of 8,723,145 shares, compared to its average volume of 10,173,194. The firm has a 50 day moving average price of $9.11 and a 200 day moving average price of $7.86. 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, Inc. has a twelve month low of $6.17 and a twelve month high of $11.89.

Hedge Funds Weigh In On Under Armour

A number of institutional investors and hedge funds have recently made changes to their positions in UAA. Price T Rowe Associates Inc. MD raised its holdings in Under Armour by 7.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 93,829 shares of the company’s stock worth $693,000 after purchasing an additional 6,107 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Under Armour by 40.5% during the first 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 during the last quarter. Simplicity Wealth LLC lifted its position in Under Armour by 3.9% during the 2nd quarter. Simplicity Wealth LLC now owns 361,278 shares of the company’s stock worth $2,410,000 after acquiring an additional 13,535 shares during the period. Lecap Asset Management Ltd. purchased a new position in shares of Under Armour in the 2nd quarter valued at approximately $344,000. Finally, Optas LLC acquired a new position in shares of Under Armour in the second quarter valued at approximately $72,000. 34.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UAA shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $8.00 target price on shares of Under Armour in a research note on Monday, November 4th. Argus upgraded Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday, November 22nd. BMO Capital Markets raised their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Barclays increased their target price on shares of Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.03.

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.