Under Armour, Inc. (NYSE:UAA) Given Average Recommendation of "Hold" by Brokerages

Under Armour, Inc. (NYSE:UAA - Get Free Report) has earned an average recommendation of "Hold" from the nineteen research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $7.31.

UAA has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on Under Armour from $4.00 to $5.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. UBS Group boosted their price target on shares of Under Armour from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Robert W. Baird raised their price objective on shares of Under Armour from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Barclays cut their price target on shares of Under Armour from $8.00 to $6.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Finally, BMO Capital Markets decreased their price objective on Under Armour from $12.00 to $9.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th.

Insider Buying and Selling

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total value of $100,002.18. Following the transaction, the insider directly owned 191,796 shares of the company's stock, valued at $1,177,627.44. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 15.60% of the company's stock.

Hedge Funds Weigh In On Under Armour

Several hedge funds and other institutional investors have recently bought and sold shares of UAA. GAMMA Investing LLC boosted its position in shares of Under Armour by 163.3% during the second quarter. GAMMA Investing LLC now owns 7,013 shares of the company's stock valued at $48,000 after buying an additional 4,350 shares during the last quarter. UMB Bank n.a. boosted its holdings in Under Armour by 133.8% during the 2nd quarter. UMB Bank n.a. now owns 4,203 shares of the company's stock worth $29,000 after acquiring an additional 2,405 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Under Armour by 453.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 98,952 shares of the company's stock worth $704,000 after acquiring an additional 81,067 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Under Armour by 8.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 48,904 shares of the company's stock worth $334,000 after acquiring an additional 3,931 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Under Armour by 620.7% in the second quarter. Parallel Advisors LLC now owns 3,892 shares of the company's stock valued at $27,000 after purchasing an additional 3,352 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company's stock.

Under Armour Trading Up 1.8%

Shares of NYSE:UAA opened at $6.99 on Tuesday. The company has a market capitalization of $3.00 billion, a PE ratio of -14.86, a P/E/G ratio of 0.95 and a beta of 1.61. The company has a current ratio of 2.10, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31. Under Armour has a 12-month low of $4.78 and a 12-month high of $11.89. The business's fifty day simple moving average is $6.74 and its 200-day simple moving average is $6.82.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. Under Armour had a positive return on equity of 7.04% and a negative net margin of 3.90%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted $0.11 EPS. The business's revenue for the quarter was down 11.4% compared to the same quarter last year. As a group, equities research analysts predict that Under Armour will post 0.3 earnings per share for the current fiscal year.

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.

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