Under Armour (NYSE:UAA) Trading Up 3.9% – Still a Buy?

Shares of Under Armour, Inc. (NYSE:UAA) traded up 3.9% on Wednesday . The company traded as high as $6.56 and last traded at $6.60. 511,773 shares changed hands during trading, a decline of 95% from the average session volume of 11,171,521 shares. The stock had previously closed at $6.35.

Analyst Upgrades and Downgrades

UAA has been the subject of several analyst reports. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a report on Friday, February 7th. UBS Group dropped their price target on Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. TD Cowen boosted their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. KGI Securities assumed coverage on shares of Under Armour in a report on Friday, March 7th. They issued a “neutral” rating and a $7.40 target price for the company. Finally, Evercore ISI lowered their price objective on Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.06.

Under Armour Trading Up 3.5 %

The business’s 50-day simple moving average is $7.26 and its two-hundred day simple moving average is $8.30. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of -22.67 and a beta of 1.63. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, February 6th. The company reported $0.08 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 quarter in the previous year, the business posted $0.19 earnings per share. Equities analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Institutional Trading of Under Armour

Large investors have recently modified their holdings of the stock. FMR LLC grew its stake in Under Armour by 193.2% during 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 in the last quarter. Vanguard Group Inc. increased its stake in shares of Under Armour by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock worth $128,741,000 after buying an additional 263,988 shares during the period. Alyeska Investment Group L.P. raised its holdings in Under Armour by 55.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock valued at $81,057,000 after acquiring an additional 3,503,006 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its stake 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 worth $51,149,000 after acquiring an additional 327,979 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in Under Armour by 10.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,528,935 shares of the company’s stock worth $45,780,000 after acquiring an additional 533,417 shares in the last quarter. Hedge funds and other 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.