Needham & Company LLC reiterated their hold rating on shares of Under Armour (NYSE:UAA - Free Report) in a report released on Wednesday morning,Benzinga reports.
Several other equities research analysts have also commented on UAA. Telsey Advisory Group restated a "market perform" rating and issued a $7.00 price target on shares of Under Armour in a report on Tuesday. 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 report on Thursday, May 1st. StockNews.com upgraded shares of Under Armour from a "sell" rating to a "hold" rating in a report on Thursday, March 20th. Guggenheim restated a "neutral" rating on shares of Under Armour in a report on Friday, February 7th. Finally, 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 on the stock. Three research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $7.33.
Read Our Latest Analysis on Under Armour
Under Armour Price Performance
UAA traded up $0.17 during trading on Wednesday, hitting $6.71. 15,392,275 shares of the company traded hands, compared to its average volume of 12,648,616. The company has a market cap of $2.88 billion, a PE ratio of -23.12 and a beta of 1.54. The stock's 50-day simple moving average is $6.00 and its two-hundred day simple moving average is $7.62. Under Armour has a 1 year low of $4.78 and a 1 year high of $11.89. 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 posted its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.16 billion. As a group, sell-side analysts anticipate that Under Armour will post 0.3 earnings per share for the current fiscal year.
Institutional Trading of Under Armour
Several large investors have recently made changes to their positions in the business. FMR LLC boosted its holdings in shares of Under Armour by 193.2% in the 4th quarter. FMR LLC now owns 28,317,951 shares of the company's stock valued at $234,473,000 after acquiring an additional 18,658,128 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Under Armour by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company's stock valued at $128,741,000 after acquiring an additional 263,988 shares during the last quarter. Alyeska Investment Group L.P. boosted 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 valued at $81,057,000 after acquiring an additional 3,503,006 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Under Armour by 17.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,494,339 shares of the company's stock valued at $40,590,000 after acquiring an additional 965,404 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Under Armour by 36.2% in the 1st quarter. American Century Companies Inc. now owns 5,465,814 shares of the company's stock valued at $34,161,000 after acquiring an additional 1,452,143 shares during the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.
About Under Armour
(
Get Free Report)
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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