Under Armour (NYSE:UAA) Stock Price Up 9.5% - Still a Buy?

Under Armour, Inc. (NYSE:UAA - Get Free Report) shares traded up 9.5% during mid-day trading on Friday . The company traded as high as $6.74 and last traded at $6.76. 3,713,562 shares were traded during mid-day trading, a decline of 72% from the average session volume of 13,250,075 shares. The stock had previously closed at $6.17.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 target price on shares of Under Armour in a research report on Tuesday, May 13th. Robert W. Baird boosted their price target on shares of Under Armour from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Citigroup decreased their price target on Under Armour from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Bank of America reduced their target price on Under Armour from $10.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, May 14th. Finally, Barclays lowered their price target on shares of 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. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $7.33.

Under Armour Trading Up 10.8%

The firm has a market cap of $2.94 billion, a P/E ratio of -14.52, a price-to-earnings-growth ratio of 0.84 and a beta of 1.63. The business's 50 day moving average is $6.25 and its 200-day moving average is $7.15. The company has a quick ratio of 1.25, a current ratio of 2.10 and a debt-to-equity ratio of 0.31.

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

Insider Activity at Under Armour

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of Under Armour stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the completion of the transaction, the insider now directly owns 191,796 shares in the company, valued at $1,177,627.44. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 15.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in Under Armour in the fourth quarter valued at $40,000. Twin Tree Management LP acquired a new stake in shares of Under Armour in the 1st quarter worth about $44,000. Harbour Investments Inc. lifted its position in Under Armour by 438.2% in the 4th 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. Cerity Partners LLC bought a new stake in Under Armour in the 1st quarter valued at about $66,000. Finally, Motley Fool Asset Management LLC acquired a new position in Under Armour during the 1st quarter valued at about $68,000. 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.

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