Under Armour (NYSE:UAA) Trading Up 6.1% – Time to Buy?

Under Armour, Inc. (NYSE:UAA) was up 6.1% during trading on Monday . The company traded as high as $8.84 and last traded at $8.82. Approximately 8,732,662 shares changed hands during trading, a decline of 13% from the average daily volume of 9,980,606 shares. The stock had previously closed at $8.31.

Wall Street Analyst Weigh In

UAA has been the subject of a number of research analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $7.00 target price on shares of Under Armour in a research report on Monday, August 5th. Wedbush raised their price target on shares of Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Argus raised shares of Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Stifel Nicolaus lifted their price objective on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Morgan Stanley cut Under Armour from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $8.00 to $4.00 in a research note on Tuesday, July 23rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.57.

Under Armour Trading Up 1.2 %

The firm has a 50 day moving average price of $8.11 and a 200-day moving average price of $7.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. Under Armour’s revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 earnings per share. Research analysts anticipate that Under Armour, Inc. will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Under Armour

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Under Armour by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock valued at $134,665,000 after acquiring an additional 173,817 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Under Armour by 12.7% during the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after acquiring an additional 1,051,143 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of Under Armour by 1.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after buying an additional 70,731 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Under Armour by 27.2% in the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock worth $28,712,000 after buying an additional 831,202 shares in the last quarter. Finally, Maven Securities LTD lifted its stake in Under Armour by 11.8% during the second quarter. Maven Securities LTD now owns 1,341,798 shares of the company’s stock worth $8,950,000 after purchasing an additional 141,556 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.