Stocks of Under Armour Inc. (NYSE:UA) traded higher last session on Wall Street, down -3.95% to $6.80.
According to the data, Under Armour Inc. (NYSE:UA) has 27 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $8.00, we find $10.00. Given the previous closing price of $7.08, this indicates a potential upside of 41.24 percent. UA stock price is now -14.11% away from the 50-day moving average and -17.06% away from the 200-day moving average. The market capitalization of the company currently stands at $3.15B.
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A total of 13 analysts have issued a hold rating and 12 have given it a buy rating. Brokers who have rated the stock have averaged $10.45 as their price target over the next twelve months.
, while ‘Stifel’ rates the stock as ‘Hold’.
In other news, Rocker Tchernavia, Chief Administrative Officer sold 69,823 shares of the company’s stock on Feb 10. The stock was sold for $650,689 at an average price of $9.32. Upon completion of the transaction, the Chief Administrative Officer now directly owns 260,291 shares in the company, valued at $1.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31, Director Gibbs David W bought 25,000 shares of the business’s stock. A total of $240,085 was incurred on buying the stock at an average price of $9.60. This leaves the insider owning 50,000 shares of the company worth $0.34 million. Insiders disposed of 374,649 shares of company stock worth roughly $2.55 million over the past 1 year. A total of 16.76% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UA stock. A new stake in Under Armour Inc. shares was purchased by BDT CAPITAL PARTNERS, LLC during the first quarter worth $50,618,000. MASSACHUSETTS FINANCIAL SERVICES CO /MA/ invested $20,726,000 in shares of UA during the first quarter. In the first quarter, GMT CAPITAL CORP acquired a new stake in Under Armour Inc. valued at approximately $4,202,000. BOOTHBAY FUND MANAGEMENT, LLC acquired a new stake in UA for approximately $979,000. AIGEN INVESTMENT MANAGEMENT, LP purchased a new stake in UA valued at around $517,000 in the second quarter. In total, there are 446 active investors with 67.75% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $6.98 for Under Armour Inc. (NYSE: UA). During the past 12 months, Under Armour Inc. has had a low of $5.74 and a high of $11.41. The fifty day moving average price for UA is $7.88 and a two-hundred day moving average price translates $8.20 for the stock.
The latest earnings results from Under Armour Inc. (NYSE: UA) was released for Mar, 2023.
Under Armour Inc.(UA) Company Profile
Under Armour, Inc., together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications. In addition, the company offers accessories, which include gloves, bags, headwear, and sports masks; and digital subscription and advertising services under the MapMyRun and MapMyRide platforms. It primarily offers its products under the UNDER ARMOUR, UA, HEATGEAR, COLDGEAR, HOVR, PROTECT THIS HOUSE, I WILL, UA Logo, ARMOUR FLEECE, and ARMOUR BRA brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, mono-branded Under Armour retail stores, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through a network of 422 brand and factory house stores, as well as through e-commerce websites. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. Under Armour, Inc. was incorporated in 1996 and is headquartered in Baltimore, Maryland.
