Under Armour (NYSE:UAA) Now Covered by KGI Securities

KGI Securities assumed coverage on shares of Under Armour (NYSE:UAA) in a report issued on Friday,Benzinga reports. The firm issued a neutral rating and a $7.40 price objective on the stock.

A number of other brokerages also recently issued reports on UAA. Evercore ISI reduced their price objective on Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Monday, February 10th. Argus downgraded Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. TD Cowen increased their price target on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research note on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.99.

Under Armour Stock Up 2.7 %

Shares of NYSE:UAA opened at $7.09 on Friday. The company has a market capitalization of $3.05 billion, a PE ratio of -24.43 and a beta of 1.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The business has a fifty day moving average price of $7.78 and a two-hundred day moving average price of $8.44. Under Armour has a 1 year low of $6.17 and a 1 year high of $11.89.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the prior year, the firm posted $0.19 earnings per share. Analysts forecast that Under Armour will post 0.3 earnings per share for the current year.

Institutional Trading of Under Armour

Several institutional investors and hedge funds have recently modified their holdings of UAA. Creative Planning raised its holdings in shares of Under Armour by 28.0% in the 3rd quarter. Creative Planning now owns 21,457 shares of the company’s stock valued at $191,000 after acquiring an additional 4,695 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Under Armour by 11.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after acquiring an additional 1,409 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Under Armour by 7.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after acquiring an additional 1,485 shares in the last quarter. Baker Avenue Asset Management LP purchased a new stake in shares of Under Armour in the 3rd quarter valued at about $92,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Under Armour in the 3rd quarter valued at about $343,000. Hedge funds and other institutional investors 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.