Under Armour (NYSE:UAA) Stock Price Up 7.8% - Here's Why

Under Armour, Inc. (NYSE:UAA - Get Free Report)'s share price was up 7.8% on Tuesday . The stock traded as high as $5.84 and last traded at $5.87. Approximately 2,018,045 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 11,812,232 shares. The stock had previously closed at $5.44.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UAA shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Under Armour in a research note on Friday, February 7th. Evercore ISI cut their target price on shares of Under Armour from $8.00 to $7.00 and set an "underperform" rating for the company in a research report on Monday, February 10th. KGI Securities initiated coverage on shares of Under Armour in a research report on Friday, March 7th. They issued a "neutral" rating and a $7.40 price target on the stock. UBS Group cut 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. Finally, Barclays dropped their price target 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. Three investment 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's stock. According to MarketBeat.com, Under Armour currently has a consensus rating of "Hold" and a consensus price target of $9.12.

Under Armour Stock Performance

The company has a fifty day moving average of $6.47 and a two-hundred day moving average of $8.03. The stock has a market capitalization of $2.51 billion, a P/E ratio of -20.12 and a beta of 1.49. 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 (NYSE:UAA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating 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 prior year, the firm posted $0.19 earnings per share. On average, equities analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current year.

Institutional Trading of Under Armour

Large investors have recently modified their holdings of the company. MCF Advisors LLC grew its holdings in Under Armour by 7.6% in the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company's stock worth $167,000 after buying an additional 1,419 shares in the last quarter. Optas LLC grew its stake in shares of Under Armour by 5.5% in the fourth quarter. Optas LLC now owns 28,519 shares of the company's stock worth $236,000 after purchasing an additional 1,484 shares in the last quarter. Mariner LLC increased its holdings in shares of Under Armour by 10.0% during the fourth quarter. Mariner LLC now owns 17,006 shares of the company's stock valued at $141,000 after purchasing an additional 1,552 shares during the period. Amalgamated Bank raised its stake in shares of Under Armour by 2.4% during the fourth quarter. Amalgamated Bank now owns 87,534 shares of the company's stock valued at $725,000 after purchasing an additional 2,014 shares in the last quarter. Finally, Beacon Pointe Advisors LLC lifted its holdings in Under Armour by 10.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 21,470 shares of the company's stock worth $178,000 after purchasing an additional 2,080 shares during the period. Institutional investors and hedge funds 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.