Under Armour, Inc. (NYSE:UAA) Given Consensus Rating of “Hold” by Brokerages

Shares of Under Armour, Inc. (NYSE:UAA) have been assigned an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $9.06.

Several equities analysts have issued reports on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 price target on shares of Under Armour in a research note on Thursday, February 6th. KGI Securities started coverage on shares of Under Armour in a research note on Friday, March 7th. They issued a “neutral” rating and a $7.40 price objective for the company. Morgan Stanley reissued an “underweight” rating and set a $4.00 target price on shares of Under Armour in a research note on Friday, December 13th. Evercore ISI decreased their price target on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Monday, February 10th. Finally, UBS Group dropped their price objective on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th.

Under Armour Trading Down 3.3 %

UAA opened at $6.39 on Wednesday. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89. The company has a fifty day moving average of $7.45 and a 200-day moving average of $8.34. The stock has a market cap of $2.75 billion, a PE ratio of -22.03 and a beta of 1.63. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate 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 last year, the firm posted $0.19 earnings per share. On average, sell-side analysts predict that Under Armour will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. FMR LLC raised its position in Under Armour by 193.2% in the 4th quarter. FMR LLC now owns 28,317,951 shares of the company’s stock valued at $234,473,000 after buying an additional 18,658,128 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Under Armour by 33,725.1% during the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock valued at $85,526,000 after purchasing an additional 9,570,512 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in Under Armour by 55.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after purchasing an additional 3,503,006 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Under Armour in the 4th quarter worth about $28,249,000. Finally, American Century Companies Inc. increased its stake in Under Armour by 160.5% in the 4th quarter. American Century Companies Inc. now owns 4,013,671 shares of the company’s stock valued at $33,233,000 after buying an additional 2,472,813 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

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.