Under Armour, Inc. (NYSE:UAA) Receives Average Recommendation of "Hold" from Analysts

Under Armour, Inc. (NYSE:UAA - Get Free Report) has been given a consensus rating of "Hold" by the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $7.33.

UAA has been the subject of a number of analyst reports. Evercore ISI decreased their price objective on shares of Under Armour from $7.00 to $6.00 and set an "underperform" rating for the company in a research report on Wednesday, May 14th. KGI Securities initiated coverage on shares of Under Armour in a research report on Friday, March 7th. They issued a "neutral" rating and a $7.40 price objective for the company. Telsey Advisory Group reiterated a "market perform" rating and issued a $7.00 price objective on shares of Under Armour in a research report on Tuesday, May 13th. BMO Capital Markets decreased their price objective on shares of Under Armour from $12.00 to $9.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. Finally, UBS Group raised their price target on shares of Under Armour from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Thursday, May 1st.

Insider Activity at Under Armour

In related news, insider Mehri Shadman sold 16,287 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the sale, the insider now owns 191,796 shares of the company's stock, valued at approximately $1,177,627.44. This represents a 7.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.60% of the stock is owned by corporate insiders.

Institutional Trading of Under Armour

Several large investors have recently bought and sold shares of UAA. Northern Trust Corp grew its stake in shares of Under Armour by 18.9% in the 4th quarter. Northern Trust Corp now owns 1,729,796 shares of the company's stock valued at $14,323,000 after buying an additional 275,131 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Under Armour in the 4th quarter valued at approximately $313,000. Fox Run Management L.L.C. grew its stake in shares of Under Armour by 215.1% in the 4th quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company's stock valued at $568,000 after buying an additional 46,828 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Under Armour by 11.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company's stock valued at $11,853,000 after buying an additional 150,958 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 148,280 shares during the period. Hedge funds and other institutional investors own 34.58% of the company's stock.

Under Armour Trading Up 1.9%

Shares of Under Armour stock opened at $6.83 on Friday. The firm has a 50-day simple moving average of $6.38 and a two-hundred day simple moving average of $7.03. The company has a market cap of $2.94 billion, a P/E ratio of -14.53, a price-to-earnings-growth ratio of 0.91 and a beta of 1.63. Under Armour has a fifty-two week low of $4.78 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.25 and a current ratio of 2.10.

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

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.

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