Under Armour (NYSE:UAA) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Under Armour (NYSE:UAA) from a sell rating to a hold rating in a research report sent to investors on Thursday.

Several other analysts have also commented on the stock. UBS Group lowered their price objective on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. KGI Securities began coverage on shares of Under Armour in a report on Friday, March 7th. They issued a “neutral” rating and a $7.40 price objective for the company. Guggenheim reaffirmed a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Morgan Stanley reaffirmed an “underweight” rating and set a $4.00 target price on shares of Under Armour in a research note on Friday, December 13th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $9.06.

Under Armour Stock Performance

Under Armour stock opened at $6.48 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average of $7.52 and a 200-day moving average of $8.35. The firm has a market cap of $2.78 billion, a P/E ratio of -22.33 and a beta of 1.63. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period last year, the firm earned $0.19 earnings per share. Sell-side analysts expect that Under Armour will post 0.3 EPS for the current year.

Institutional Investors Weigh In On Under Armour

A number of large investors have recently added to or reduced their stakes in UAA. FMR LLC grew its position in Under Armour by 193.2% in the 4th quarter. FMR LLC now owns 28,317,951 shares of the company’s stock worth $234,473,000 after purchasing an additional 18,658,128 shares during the period. Pacer Advisors Inc. grew its position in Under Armour by 33,725.1% in the 3rd 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 period. Alyeska Investment Group L.P. grew its position in Under Armour by 55.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after purchasing an additional 3,503,006 shares during the period. T. Rowe Price Investment Management Inc. purchased a new position in shares of Under Armour during the 4th quarter worth $28,249,000. Finally, American Century Companies Inc. boosted its stake in shares of Under Armour by 160.5% during the 4th quarter. American Century Companies Inc. now owns 4,013,671 shares of the company’s stock worth $33,233,000 after acquiring an additional 2,472,813 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

About Under Armour

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.