Under Armour, Inc. (NYSE:UAA) Short Interest Update

Under Armour, Inc. (NYSE:UAA) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 25,530,000 shares, a drop of 15.6% from the December 15th total of 30,260,000 shares. Based on an average trading volume of 10,330,000 shares, the short-interest ratio is currently 2.5 days. Approximately 13.6% of the shares of the stock are sold short.

Under Armour Trading Down 0.4 %

NYSE UAA traded down $0.04 during mid-day trading on Thursday, reaching $8.06. 8,608,449 shares of the stock were exchanged, compared to its average volume of 8,931,995. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. The stock has a market cap of $3.49 billion, a P/E ratio of -268.71 and a beta of 1.70. The stock has a 50 day simple moving average of $9.07 and a 200-day simple moving average of $8.28. Under Armour has a one year low of $6.17 and a one year high of $11.89.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UAA shares. UBS Group raised their target price on shares of Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Truist Financial raised their price objective on Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a report on Friday, November 8th. Wells Fargo & Company upped their target price on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 price objective on shares of Under Armour in a research note on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Under Armour currently has an average rating of “Hold” and a consensus price target of $9.28.

Insiders Place Their Bets

In other news, CFO David Bergman sold 30,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the insider now directly owns 172,899 shares in the company, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock worth $508,642 in the last 90 days. Company insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. grew its stake in Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after purchasing an additional 1,800 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Under Armour during the 3rd quarter worth approximately $56,000. CWM LLC boosted its holdings in shares of Under Armour by 20.7% during the 3rd 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. DekaBank Deutsche Girozentrale acquired a new stake in shares of Under Armour during the 2nd quarter worth approximately $80,000. Finally, Versant Capital Management Inc lifted its position in shares of Under Armour by 63.2% during the 4th quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock valued at $83,000 after acquiring an additional 3,885 shares during the period. 34.58% of the stock is owned by institutional investors and hedge funds.

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.