KGI Securities Begins Coverage on Under Armour (NYSE:UAA)

KGI Securities assumed coverage on shares of Under Armour (NYSE:UAA - Free Report) in a report released on Friday,Benzinga reports. The brokerage issued a neutral rating and a $7.40 price target on the stock.

Other equities analysts also recently issued research reports about the company. Barclays reduced their price objective on Under Armour from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. UBS Group reduced their target price on Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Truist Financial lifted their target price on Under Armour from $8.00 to $11.00 and gave the company a "hold" rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their target price 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. Finally, Morgan Stanley restated an "underweight" rating and issued a $4.00 target price on shares of Under Armour in a research report on Friday, December 13th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $8.99.

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Under Armour Price Performance

Shares of NYSE:UAA traded up $0.19 during trading on Friday, reaching $7.09. The stock had a trading volume of 15,133,023 shares, compared to its average volume of 10,731,625. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The business has a fifty day moving average price of $7.76 and a 200-day moving average price of $8.43. The stock has a market cap of $3.05 billion, a PE ratio of -24.43 and a beta of 1.63. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (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 period last year, the firm earned $0.19 EPS. On average, equities analysts forecast that Under Armour will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in Under Armour during the 4th quarter worth $412,000. Quantbot Technologies LP grew its stake in Under Armour by 288.1% during the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company's stock worth $3,772,000 after purchasing an additional 314,226 shares in the last quarter. BNP Paribas Financial Markets grew its stake in 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 in the last quarter. SG Americas Securities LLC grew its stake in Under Armour by 37.4% during the 4th quarter. SG Americas Securities LLC now owns 158,541 shares of the company's stock worth $1,313,000 after purchasing an additional 43,158 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new position in shares of Under Armour during the 3rd quarter worth about $1,580,000. 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.