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

Under Armour, Inc. (NYSE:UAA - Get Free Report) has been given a consensus recommendation of "Hold" by the twenty-one analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $9.06.

A number of research analysts recently commented on the company. Argus cut Under Armour from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. Morgan Stanley reiterated an "underweight" rating and issued a $4.00 price objective on shares of Under Armour in a report on Friday, December 13th. Barclays decreased their price objective on Under Armour from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Evercore ISI decreased their price objective on Under Armour from $8.00 to $7.00 and set an "underperform" rating on the stock in a report on Monday, February 10th. Finally, StockNews.com upgraded Under Armour from a "sell" rating to a "hold" rating in a report on Thursday.

Hedge Funds Weigh In On Under Armour

A number of institutional investors and hedge funds have recently made changes to their positions in UAA. Compagnie Lombard Odier SCmA acquired a new position in shares of Under Armour during the fourth quarter worth about $25,000. Nomura Asset Management Co. Ltd. grew its position in shares of Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock worth $26,000 after buying an additional 1,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Under Armour during the fourth quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Under Armour during the fourth quarter worth about $40,000. Finally, Harbour Investments Inc. grew its position in shares of Under Armour by 438.2% during the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock worth $51,000 after buying an additional 5,000 shares in the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

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Under Armour Price Performance

NYSE:UAA traded down $0.06 during trading hours on Wednesday, hitting $6.42. 20,111,489 shares of the stock were exchanged, compared to its average volume of 10,928,840. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89. The firm's fifty day moving average price is $7.48 and its 200 day moving average price is $8.34. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.76 billion, a P/E ratio of -22.12 and a beta of 1.63.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter last year, the company posted $0.19 earnings per share. As a group, equities research analysts anticipate that Under Armour will post 0.3 EPS for the current fiscal year.

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.