Under Armour (NYSE:UAA) Given “Neutral” Rating at Guggenheim

Under Armour (NYSE:UAA)‘s stock had its “neutral” rating restated by Guggenheim in a research report issued on Friday,Benzinga reports.

Other research analysts also recently issued research reports about the stock. TD Cowen upped their target price 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. Wells Fargo & Company upped their price objective on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a report on Thursday. Barclays decreased their price target on Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a report on Friday. 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.22.

Under Armour Stock Down 2.2 %

UAA stock traded down $0.17 on Friday, reaching $7.43. 5,043,359 shares of the company traded hands, compared to its average volume of 9,858,669. The firm has a fifty day simple moving average of $8.72 and a 200-day simple moving average of $8.45. The company has a market cap of $3.21 billion, a P/E ratio of -248.08 and a beta of 1.69. Under Armour has a one year low of $6.17 and a one year high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

Under Armour (NYSE:UAA) last issued 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 positive return on equity of 13.20% and a negative net margin of 0.27%. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Research analysts anticipate that Under Armour will post 0.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the transaction, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction that occurred 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 transaction, 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. Insiders sold a total of 56,879 shares of company stock worth $508,642 over the last quarter. 15.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Under Armour

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UAA. Nomura Asset Management Co. Ltd. grew its position in 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 acquiring an additional 1,800 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Under Armour during the fourth quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Under Armour during the 4th quarter valued at $27,000. SBI Securities Co. Ltd. purchased a new position in Under Armour in the fourth quarter valued at about $40,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Under Armour during the 3rd quarter worth approximately $56,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

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.