Under Armour (NYSE:UAA) Shares Up 7.8% - Should You Buy?

Under Armour, Inc. (NYSE:UAA - Get Free Report) shares rose 7.8% during mid-day trading on Tuesday . The stock traded as high as $5.84 and last traded at $5.87. Approximately 2,018,045 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 11,812,232 shares. The stock had previously closed at $5.44.

Analysts Set New Price Targets

Several analysts have recently commented on UAA shares. Argus cut shares of Under Armour from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. Stifel Nicolaus lowered their price objective on Under Armour from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. StockNews.com raised Under Armour from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th. Telsey Advisory Group reissued a "market perform" rating and issued a $10.00 price target on shares of Under Armour in a report on Thursday, February 6th. Finally, Evercore ISI dropped their price objective on Under Armour from $8.00 to $7.00 and set an "underperform" rating on the stock in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $9.12.

Under Armour Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The company has a 50-day moving average of $6.44 and a 200-day moving average of $8.00. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of -20.12 and a beta of 1.49.

Under Armour (NYSE:UAA - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the previous year, the business earned $0.19 earnings per share. As a group, equities research analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Under Armour

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its stake in shares of Under Armour by 193.2% during the fourth quarter. FMR LLC now owns 28,317,951 shares of the company's stock valued at $234,473,000 after buying an additional 18,658,128 shares during the period. Vanguard Group Inc. lifted its stake in shares of Under Armour by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company's stock worth $128,741,000 after purchasing an additional 263,988 shares during the period. Alyeska Investment Group L.P. boosted its holdings in shares of Under Armour by 55.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock worth $81,057,000 after purchasing an additional 3,503,006 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Under Armour by 10.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,528,935 shares of the company's stock valued at $45,780,000 after purchasing an additional 533,417 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Under Armour by 13.7% during the fourth quarter. Renaissance Technologies LLC now owns 4,837,800 shares of the company's stock worth $40,057,000 after buying an additional 581,800 shares during the period. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

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.