Under Armour, Inc. (NYSE:UAA) Receives Consensus Rating of "Hold" from Brokerages

Under Armour, Inc. (NYSE:UAA - Get Free Report) has received a consensus rating of "Hold" from the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.57.

UAA has been the topic of several recent research reports. Wedbush lifted their price objective on shares of Under Armour from $8.00 to $8.50 and gave the stock an "outperform" rating in a research note on Friday, August 9th. Morgan Stanley cut Under Armour from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. Telsey Advisory Group reissued a "market perform" rating and set a $7.00 price objective on shares of Under Armour in a research note on Monday, August 5th. Barclays lifted their target price on Under Armour from $6.00 to $8.00 and gave the stock an "equal weight" rating in a report on Friday, August 9th. Finally, BMO Capital Markets increased their price target on Under Armour from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Monday, September 16th.

Under Armour Price Performance

NYSE:UAA traded up $0.30 during midday trading on Wednesday, hitting $8.29. 16,348,101 shares of the stock were exchanged, compared to its average volume of 9,898,065. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 3.75 and a beta of 1.65. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. Under Armour has a one year low of $6.17 and a one year high of $9.50. The business has a 50-day moving average price of $7.54 and a two-hundred day moving average price of $7.12.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.09. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned $0.02 EPS. The company's quarterly revenue was down 10.1% compared to the same quarter last year. Sell-side analysts predict that Under Armour will post 0.21 EPS for the current year.

Hedge Funds Weigh In On Under Armour

Several institutional investors and hedge funds have recently modified their holdings of UAA. Hexagon Capital Partners LLC boosted its position in Under Armour by 101.1% during the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company's stock valued at $28,000 after purchasing an additional 1,890 shares during the last quarter. Optas LLC acquired a new stake in shares of Under Armour during the 2nd quarter valued at about $72,000. Koss Olinger Consulting LLC bought a new stake in shares of Under Armour in the 2nd quarter valued at approximately $79,000. DekaBank Deutsche Girozentrale acquired a new position in Under Armour in the second quarter worth approximately $80,000. Finally, Qsemble Capital Management LP bought a new position in Under Armour during the second quarter valued at approximately $93,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.