Under Armour (NYSE:UAA - Free Report) had its price target decreased by Barclays from $11.00 to $8.00 in a report released on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.
Several other analysts have also recently commented on the stock. Wells Fargo & Company raised their target price on shares of Under Armour from $8.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Robert W. Baird raised their target price on shares of Under Armour from $8.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Argus cut shares of Under Armour from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. UBS Group reduced their price objective on shares of Under Armour from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Finally, TD Cowen raised their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company a "hold" rating in a research note on Friday, December 13th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Under Armour currently has an average rating of "Hold" and a consensus target price of $9.09.
Check Out Our Latest Research Report on Under Armour
Under Armour Stock Performance
Under Armour stock traded up $0.13 during midday trading on Monday, hitting $7.27. 10,051,763 shares of the company's stock were exchanged, compared to its average volume of 10,353,268. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.01. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of -25.05 and a beta of 1.69. The firm's 50 day simple moving average is $8.45 and its 200 day simple moving average is $8.48.
Under Armour (NYSE:UAA - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the previous year, the firm posted $0.19 earnings per share. Equities research analysts predict that Under Armour will post 0.29 EPS for the current year.
Insiders Place Their Bets
In other news, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the sale, the insider now directly owns 182,538 shares in the company, valued at $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $9.09, for a total transaction of $272,700.00. Following the sale, the chief financial officer now owns 494,210 shares of the company's stock, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,879 shares of company stock worth $508,642. Insiders own 15.60% of the company's stock.
Institutional Investors Weigh In On Under Armour
A number of institutional investors have recently bought and sold shares of UAA. Compagnie Lombard Odier SCmA purchased a new stake in Under Armour in the fourth quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. grew its holdings in Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock valued at $26,000 after purchasing an additional 1,800 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Under Armour in the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. purchased a new stake in Under Armour in the fourth quarter valued at approximately $40,000. Finally, Harbour Investments Inc. grew its holdings in 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 period. 34.58% of the stock is currently owned by hedge funds and other institutional investors.
About Under Armour
(
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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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