Guggenheim Reiterates Neutral Rating for Under Armour (NYSE:UAA)

Under Armour (NYSE:UAA - Get Free Report)'s stock had its "neutral" rating restated by investment analysts at Guggenheim in a research note issued to investors on Friday,Benzinga reports.

Other analysts have also issued research reports about the company. TD Cowen raised their target price on Under Armour from $10.00 to $11.00 and gave the company a "hold" rating in a report on Friday, December 13th. 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. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $10.00 target price on shares of Under Armour in a report on Thursday, February 6th. Truist Financial raised their price objective on Under Armour from $8.00 to $11.00 and gave the stock a "hold" rating in a research report on Friday, November 8th. Finally, Robert W. Baird raised their price objective on Under Armour from $8.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $9.09.

Under Armour Stock Down 2.3 %

Under Armour stock traded down $0.17 during mid-day trading on Friday, hitting $7.12. The company's stock had a trading volume of 8,160,662 shares, compared to its average volume of 10,217,218. The firm's 50 day moving average is $8.57 and its 200 day moving average is $8.48. The company has a market cap of $3.08 billion, a PE ratio of -24.53 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. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89.

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

Insider Buying and Selling

In other news, insider Mehri Shadman sold 17,240 shares of the stock in a transaction that occurred 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 owns 182,538 shares in the company, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Bergman sold 30,000 shares of the firm'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 directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have 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

Large investors have recently modified their holdings of the business. Quantbot Technologies LP boosted its holdings in shares of Under Armour by 288.1% in the 3rd 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 in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Under Armour in the 3rd quarter worth about $576,000. International Assets Investment Management LLC raised its position 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 in the last quarter. BNP Paribas Financial Markets raised its position in shares of Under Armour by 48.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company's stock worth $5,470,000 after acquiring an additional 199,348 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Under Armour by 37.4% in the 4th quarter. SG Americas Securities LLC now owns 158,541 shares of the company's stock worth $1,313,000 after acquiring an additional 43,158 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company's stock.

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.