Under Armour (NYSE:UAA) Receives "Hold" Rating from Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Under Armour (NYSE:UAA - Free Report) in a report issued on Wednesday,Benzinga reports.

Other research analysts also recently issued reports about the company. Barclays dropped their target price on Under Armour from $8.00 to $6.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Telsey Advisory Group restated a "market perform" rating and set a $7.00 target price on shares of Under Armour in a research note on Tuesday, May 13th. Guggenheim restated a "neutral" rating on shares of Under Armour in a research note on Friday, February 7th. Stifel Nicolaus dropped their price target on Under Armour from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, KGI Securities started coverage on Under Armour in a research note on Friday, March 7th. They issued a "neutral" rating and a $7.40 target price on the stock. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.33.

Under Armour Trading Down 2.3%

Shares of UAA stock traded down $0.16 on Wednesday, reaching $6.56. 5,038,935 shares of the company's stock were exchanged, compared to its average volume of 12,609,076. Under Armour has a 52 week low of $4.78 and a 52 week high of $11.89. The company's fifty day simple moving average is $6.00 and its 200 day simple moving average is $7.60. The stock has a market capitalization of $2.82 billion, a PE ratio of -22.64 and a beta of 1.54. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. Under Armour's revenue was down 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. As a group, analysts forecast that Under Armour will post 0.3 EPS for the current year.

Hedge Funds Weigh In On Under Armour

Hedge funds have recently made changes to their positions in the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of Under Armour in the fourth quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Under Armour in the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. acquired a new stake in shares of Under Armour in the fourth quarter valued at approximately $40,000. Twin Tree Management LP acquired a new stake in shares of Under Armour in the first quarter valued at approximately $44,000. Finally, Harbour Investments Inc. increased its holdings in shares of Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock valued at $51,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds 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.