Under Armour (NYSE:UAA) Trading Up 4.5% - Still a Buy?

Under Armour, Inc. (NYSE:UAA - Get Free Report) shares traded up 4.5% during trading on Monday . The company traded as high as $7.44 and last traded at $7.40. 1,880,731 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 10,699,652 shares. The stock had previously closed at $7.08.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Evercore ISI reduced their price objective on Under Armour from $8.00 to $7.00 and set an "underperform" rating on the stock in a research report on Monday, February 10th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $10.00 price objective on shares of Under Armour in a research note on Thursday, February 6th. Argus downgraded shares of Under Armour from a "buy" rating to a "hold" rating in a research report on Thursday, January 16th. 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. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Under Armour in a report on Friday, February 7th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $8.99.

Under Armour Stock Performance

The stock has a market cap of $3.02 billion, a price-to-earnings ratio of -24.28 and a beta of 1.63. The company's fifty day simple moving average is $7.72 and its two-hundred day simple moving average is $8.41. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

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Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $0.19 EPS. On average, analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UAA. Compagnie Lombard Odier SCmA bought a new position in shares of Under Armour in the fourth quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. increased its position in shares of Under Armour by 163.6% during 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. bought a new stake in shares of Under Armour during the 4th quarter worth $27,000. SBI Securities Co. Ltd. purchased a new position in shares of Under Armour in the 4th quarter worth about $40,000. Finally, Harbour Investments Inc. grew its position in Under Armour by 438.2% during the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock valued at $51,000 after buying an additional 5,000 shares during the period. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

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.