Under Armour (NYSE:UAA) Given Hold Rating at Needham & Company LLC

Under Armour (NYSE:UAA)‘s stock had its “hold” rating restated by analysts at Needham & Company LLC in a research report issued on Friday,Benzinga reports.

A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets increased their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. TD Cowen raised their price objective 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. Telsey Advisory Group restated a “market perform” rating and set a $8.00 price objective on shares of Under Armour in a research report on Monday, November 4th. UBS Group upped their target price on Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Argus raised 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 given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.03.

Under Armour Stock Up 1.9 %

Under Armour stock opened at $9.29 on Friday. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of -309.63, a price-to-earnings-growth ratio of 3.51 and a beta of 1.66. The stock’s fifty day moving average is $8.80 and its two-hundred day moving average is $7.69. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18.

Insider Activity

In other Under Armour news, insider Mehri Shadman sold 17,240 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the sale, the insider now owns 182,538 shares of the company’s stock, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 15.60% of the company’s stock.

Institutional Trading of Under Armour

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Under Armour by 1.0% during 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 in the last quarter. FMR LLC lifted its position in shares of Under Armour by 144,746.6% during the third quarter. FMR LLC now owns 9,659,823 shares of the company’s stock worth $86,069,000 after purchasing an additional 9,653,154 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Under Armour by 33,725.1% during the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock worth $85,526,000 after purchasing an additional 9,570,512 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Under Armour by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after purchasing an additional 1,051,143 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN increased its holdings in Under Armour by 6.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock valued at $51,149,000 after buying an additional 327,979 shares during the last quarter. 34.58% of the stock is currently 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.