Under Armour (NYSE:UAA) Upgraded at StockNews.com

StockNews.com upgraded shares of Under Armour (NYSE:UAA - Free Report) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

Several other brokerages have also weighed in on UAA. 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 research report on Tuesday, January 28th. Barclays dropped their price objective on Under Armour from $11.00 to $8.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. KGI Securities assumed coverage on Under Armour in a research note on Friday, March 7th. They issued a "neutral" rating and a $7.40 price objective for the company. Guggenheim reiterated a "neutral" rating on shares of Under Armour in a research report on Friday, February 7th. Finally, Morgan Stanley restated an "underweight" rating and issued a $4.00 price target on shares of Under Armour in a research report on Friday, December 13th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.06.

Remove Ads

Under Armour Stock Performance

Shares of UAA stock traded down $0.06 during trading hours on Thursday, reaching $6.42. 20,111,489 shares of the company's stock were exchanged, compared to its average volume of 10,953,043. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. Under Armour has a 1 year low of $6.17 and a 1 year high of $11.89. The company has a market cap of $2.76 billion, a P/E ratio of -22.12 and a beta of 1.63. The company's 50 day moving average is $7.48 and its two-hundred day moving average is $8.34.

Under Armour (NYSE:UAA - Get Free Report) last released its earnings results 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 period in the prior year, the company earned $0.19 earnings per share. Equities research analysts anticipate that Under Armour will post 0.3 EPS for the current fiscal year.

Institutional Trading of Under Armour

A number of hedge funds have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA acquired a new stake in shares of Under Armour in the fourth quarter worth approximately $25,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Under Armour by 163.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock valued at $26,000 after purchasing an additional 1,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Under Armour during the 4th quarter valued at $27,000. SBI Securities Co. Ltd. acquired a new stake in shares of Under Armour during the 4th quarter worth $40,000. Finally, Harbour Investments Inc. raised its position in shares of Under Armour by 438.2% in the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock worth $51,000 after buying an additional 5,000 shares during the period. 34.58% of the stock is owned by institutional investors and hedge funds.

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.