Under Armour (NYSE:UAA) Stock Price Up 9.5% - Time to Buy?

Under Armour, Inc. (NYSE:UAA - Get Free Report)'s share price was up 9.5% during trading on Friday . The stock traded as high as $6.74 and last traded at $6.76. Approximately 3,713,562 shares traded hands during trading, a decline of 72% from the average daily volume of 13,250,075 shares. The stock had previously closed at $6.17.

Wall Street Analysts Forecast Growth

UAA has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on Under Armour from $4.00 to $5.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Robert W. Baird increased their price target on shares of Under Armour from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Truist Financial decreased their price target on shares of Under Armour from $9.00 to $7.00 and set a "hold" rating on the stock in a research note on Wednesday, May 14th. Needham & Company LLC restated a "hold" rating on shares of Under Armour in a report on Wednesday, May 14th. Finally, Stifel Nicolaus cut their price objective on shares of Under Armour from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Under Armour presently has a consensus rating of "Hold" and an average target price of $7.33.

Under Armour Stock Performance

The business's fifty day simple moving average is $6.28 and its 200-day simple moving average is $7.08. The firm has a market cap of $2.96 billion, a P/E ratio of -14.66, a price-to-earnings-growth ratio of 0.96 and a beta of 1.63. The company has a current ratio of 2.10, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31.

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, topping analysts' consensus estimates of ($0.09) by $0.01. The company had revenue of $1.18 billion during 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%. Under Armour's revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. As a group, sell-side analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Insider Transactions at Under Armour

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the transaction, the insider now directly owns 191,796 shares of the company's stock, valued at approximately $1,177,627.44. The trade was a 7.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 15.60% of the company's stock.

Institutional Investors Weigh In On Under Armour

Large investors have recently modified their holdings of the stock. New York State Common Retirement Fund raised its stake in Under Armour by 7.1% in the fourth quarter. New York State Common Retirement Fund now owns 116,803 shares of the company's stock worth $967,000 after buying an additional 7,700 shares in the last quarter. Bank of New York Mellon Corp raised its position 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 worth $11,853,000 after acquiring an additional 150,958 shares in the last quarter. Amalgamated Bank raised its position in shares of Under Armour by 2.4% in the 4th quarter. Amalgamated Bank now owns 87,534 shares of the company's stock worth $725,000 after acquiring an additional 2,014 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Under Armour in the 4th quarter valued at approximately $486,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Under Armour by 28.7% in the 4th quarter. Jones Financial Companies Lllp now owns 69,679 shares of the company's stock valued at $577,000 after purchasing an additional 15,531 shares during the period. Institutional investors 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.