Under Armour, Inc. (NYSE:UAA) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Under Armour, Inc. (NYSE:UAA - Get Free Report) have received an average rating of "Hold" from the twenty-two ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $9.09.

Several brokerages have issued reports on UAA. Morgan Stanley reaffirmed an "underweight" rating and issued a $4.00 target price on shares of Under Armour in a report on Friday, December 13th. Truist Financial upped their price objective on Under Armour from $8.00 to $11.00 and gave the company a "hold" rating in a research report on Friday, November 8th. Guggenheim reissued a "neutral" rating on shares of Under Armour in a report on Friday, February 7th. Argus downgraded Under Armour from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company increased their price objective on Under Armour from $8.00 to $11.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th.

Under Armour Stock Down 1.5 %

Shares of UAA stock traded down $0.11 during midday trading on Friday, reaching $7.10. 9,948,773 shares of the stock were exchanged, compared to its average volume of 10,373,705. Under Armour has a 1 year low of $6.17 and a 1 year high of $11.89. The firm has a market cap of $3.05 billion, a PE ratio of -24.50 and a beta of 1.69. The company's 50 day moving average is $8.01 and its two-hundred day moving average is $8.50. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates 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 prior year, the firm posted $0.19 EPS. On average, equities research analysts predict that Under Armour will post 0.3 EPS for the current year.

Insider Activity at Under Armour

In related news, CFO David Bergman sold 30,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now owns 494,210 shares of the company's stock, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.60% of the stock is owned by company insiders.

Institutional Trading of Under Armour

A number of institutional investors have recently made changes to their positions in UAA. Empowered Funds LLC acquired a new stake in Under Armour during the fourth quarter worth about $412,000. Quantbot Technologies LP lifted its holdings in 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 acquiring an additional 314,226 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in Under Armour during the third quarter worth $576,000. International Assets Investment Management LLC raised its position in Under Armour by 2,413.5% in the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company's stock valued at $638,000 after purchasing an additional 68,786 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Under Armour by 48.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company's stock worth $5,470,000 after purchasing an additional 199,348 shares during the period. 34.58% of the stock is owned by institutional investors and hedge funds.

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.