Under Armour (NYSE:UAA) Receives “Hold” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Under Armour (NYSE:UAA) in a research report released on Friday morning,Benzinga reports.

UAA has been the subject of a number of other research reports. TD Cowen increased 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. Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research note on Thursday. Barclays reduced their price target on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. UBS Group lowered their price objective 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. Finally, Wells Fargo & Company increased their target price on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Under Armour presently has an average rating of “Hold” and a consensus target price of $9.22.

Under Armour Price Performance

Shares of NYSE UAA opened at $7.29 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89. The business has a fifty day simple moving average of $8.67 and a 200-day simple moving average of $8.45.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping 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 earned $0.19 earnings per share. On average, research analysts predict that Under Armour will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the sale, the insider now owns 172,899 shares in the company, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,879 shares of company stock worth $508,642 over the last ninety days. Company insiders own 15.60% of the company’s stock.

Institutional Trading of Under Armour

A number of hedge funds have recently modified their holdings of UAA. Sei Investments Co. raised its holdings in shares of Under Armour by 10.2% in the 2nd quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock worth $127,000 after buying an additional 1,764 shares in the last quarter. Algert Global LLC bought a new stake in Under Armour during the 2nd quarter worth about $127,000. SG Americas Securities LLC lifted its position in shares of Under Armour by 54.1% during the third quarter. SG Americas Securities LLC now owns 115,383 shares of the company’s stock worth $1,028,000 after purchasing an additional 40,521 shares in the last quarter. Handelsbanken Fonder AB boosted its position in Under Armour by 21.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 52,700 shares of the company’s stock valued at $470,000 after buying an additional 9,200 shares during the last quarter. Finally, CWM LLC raised its position in shares of Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after acquiring an additional 1,409 shares during the last quarter. Institutional investors 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.