Under Armour (NYSE:UAA) Earns Market Perform Rating from Telsey Advisory Group

Under Armour (NYSE:UAA - Get Free Report)'s stock had its "market perform" rating reissued by research analysts at Telsey Advisory Group in a research note issued on Thursday,Benzinga reports. They currently have a $10.00 price target on the stock. Telsey Advisory Group's price objective suggests a potential upside of 37.27% from the stock's current price.

UAA has been the subject of a number of other research reports. Morgan Stanley reiterated an "underweight" rating and set a $4.00 target price on shares of Under Armour in a research note on Friday, December 13th. UBS Group dropped their price objective on Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. TD Cowen upped their price target on Under Armour from $10.00 to $11.00 and gave the company a "hold" rating in a report on Friday, December 13th. Wells Fargo & Company boosted their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. Finally, Barclays dropped their target price on shares of Under Armour from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $9.09.

Under Armour Stock Down 0.2 %

Shares of NYSE UAA traded down $0.02 during mid-day trading on Thursday, hitting $7.29. The company had a trading volume of 10,158,671 shares, compared to its average volume of 10,149,339. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89. The company has a market capitalization of $3.15 billion, a PE ratio of -25.12 and a beta of 1.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.24. The business's 50-day simple moving average is $8.62 and its 200 day simple moving average is $8.48.

Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.08 EPS 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 quarter in the prior year, the firm earned $0.19 earnings per share. On average, analysts predict that Under Armour will post 0.29 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the sale, the chief financial officer now owns 494,210 shares of the company's stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the transaction, the insider now directly owns 172,899 shares of the company's stock, valued at $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock valued at $508,642 over the last three months. 15.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Under Armour

Institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP lifted its stake in shares of Under Armour by 288.1% in the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company's stock valued at $3,772,000 after purchasing an additional 314,226 shares during the period. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Under Armour during the 3rd quarter worth approximately $576,000. International Assets Investment Management LLC grew its holdings in shares of Under Armour by 2,413.5% in the 3rd quarter. International Assets Investment Management LLC now owns 71,636 shares of the company's stock worth $638,000 after acquiring an additional 68,786 shares during the period. BNP Paribas Financial Markets increased its stake in Under Armour by 48.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company's stock valued at $5,470,000 after purchasing an additional 199,348 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Under Armour by 37.4% in the 4th quarter. SG Americas Securities LLC now owns 158,541 shares of the company's stock valued at $1,313,000 after purchasing an additional 43,158 shares in the last quarter. 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, 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.