Under Armour (NYSE:UAA) Given "Hold" Rating at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Under Armour (NYSE:UAA - Free Report) in a research report sent to investors on Friday,Benzinga reports.

A number of other brokerages have also weighed in on UAA. Robert W. Baird increased their target price on Under Armour from $8.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Telsey Advisory Group reissued a "market perform" rating and set a $10.00 target price on shares of Under Armour in a report on Thursday, February 6th. Morgan Stanley restated an "underweight" rating and issued a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. TD Cowen lifted their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock a "hold" rating in a research note on Friday, December 13th. Finally, UBS Group lowered their target price on shares of Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $9.09.

Under Armour Stock Performance

Under Armour stock traded down $0.21 during mid-day trading on Friday, hitting $7.08. 7,645,428 shares of the company's stock traded hands, compared to its average volume of 10,207,437. 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 firm has a 50 day simple moving average of $8.57 and a two-hundred day simple moving average of $8.48. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of -24.40 and a beta of 1.69.

Under Armour (NYSE:UAA - Get Free Report) last posted its 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 negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter in the previous year, the firm posted $0.19 earnings per share. On average, research analysts expect that Under Armour will post 0.29 EPS for the current fiscal year.

Insider Transactions at Under Armour

In other news, CFO David Bergman sold 30,000 shares of the company'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 sale, the chief financial officer now directly owns 494,210 shares of the company's stock, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the transaction, the insider now directly owns 182,538 shares of the company's stock, valued at $1,599,032.88. This represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,879 shares of company stock worth $508,642. Corporate insiders own 15.60% of the company's stock.

Institutional Investors Weigh In On Under Armour

Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its stake in Under Armour by 144,746.6% in the third quarter. FMR LLC now owns 9,659,823 shares of the company's stock valued at $86,069,000 after buying an additional 9,653,154 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Under Armour by 33,725.1% during the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company's stock valued at $85,526,000 after purchasing an additional 9,570,512 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in shares of Under Armour by 6.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company's stock worth $51,149,000 after purchasing an additional 327,979 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Under Armour by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,815,640 shares of the company's stock valued at $39,873,000 after buying an additional 84,802 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Under Armour by 160.5% in the fourth quarter. American Century Companies Inc. now owns 4,013,671 shares of the company's stock worth $33,233,000 after acquiring an additional 2,472,813 shares in the last quarter. Institutional investors own 34.58% of the company's stock.

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.