Cfra Research Upgrades Under Armour (NYSE:UAA) to Hold

Key Points

• Cfra Research has upgraded Under Armour from a "moderate sell" rating to a "hold" rating, reflecting a more optimistic outlook on the stock.
• Under Armour's current average price target is $6.74, with several analysts adjusting their ratings and price targets recently—some lowering expectations while others remain optimistic.
• Insider trading activity included Director Dawn N. Fitzpatrick acquiring 100,000 shares of Under Armour at $4.93 each, indicating confidence in the company's future.

Under Armour (NYSE:UAA - Get Free Report) was upgraded by equities researchers at Cfra Research from a "moderate sell" rating to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also recently weighed in on UAA. BMO Capital Markets lowered their price objective on Under Armour from $12.00 to $9.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 14th. Wells Fargo & Company upped their target price on shares of Under Armour from $4.00 to $5.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Wall Street Zen cut shares of Under Armour from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Stifel Nicolaus decreased their target price on shares of Under Armour from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Finally, Barclays decreased their target price on shares of Under Armour from $8.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $6.74.

Under Armour Stock Performance

NYSE:UAA traded up $0.25 during trading hours on Tuesday, reaching $5.17. The company had a trading volume of 10,521,649 shares, compared to its average volume of 13,109,118. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. Under Armour has a 52 week low of $4.78 and a 52 week high of $11.89. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 2.36 and a beta of 1.61. The firm's 50 day moving average price is $6.68 and its 200-day moving average price is $6.60.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm earned $0.01 EPS. The company's revenue was down 4.2% on a year-over-year basis. On average, analysts forecast that Under Armour will post 0.3 EPS for the current year.

Insider Buying and Selling at Under Armour

In related news, Director Dawn N. Fitzpatrick acquired 100,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average cost of $4.93 per share, for a total transaction of $493,000.00. Following the completion of the purchase, the director owned 133,696 shares of the company's stock, valued at approximately $659,121.28. This represents a 296.77% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mehri Shadman sold 16,287 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total transaction of $100,002.18. Following the transaction, the insider directly owned 191,796 shares of the company's stock, valued at approximately $1,177,627.44. This trade represents a 7.83% decrease in their position. The disclosure for this sale can be found here. Insiders own 15.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp increased its stake in shares of Under Armour by 18.9% during the fourth quarter. Northern Trust Corp now owns 1,729,796 shares of the company's stock worth $14,323,000 after purchasing an additional 275,131 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Under Armour by 36.5% in the 4th quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company's stock valued at $4,591,000 after purchasing an additional 148,280 shares during the last quarter. Eisler Capital Management Ltd. acquired a new position in Under Armour in the 4th quarter valued at about $2,514,000. Alyeska Investment Group L.P. lifted its holdings in shares of 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 acquiring an additional 3,503,006 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new position in shares of Under Armour in the 1st quarter worth approximately $3,233,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.