Under Armour’s (UAA) Hold Rating Reiterated at Needham & Company LLC

Under Armour (NYSE:UAA)‘s stock had its “hold” rating reaffirmed by investment analysts at Needham & Company LLC in a research report issued to clients and investors on Friday,Benzinga reports.

Several other equities analysts have also commented on UAA. Argus raised Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. TD Cowen boosted their target price on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. BMO Capital Markets raised their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Robert W. Baird upped their target price on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $8.00 price target on shares of Under Armour in a research report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Under Armour currently has a consensus rating of “Hold” and a consensus price target of $9.03.

Under Armour Trading Up 1.9 %

NYSE UAA opened at $9.29 on Friday. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89. The firm has a 50 day moving average of $8.80 and a two-hundred day moving average of $7.69. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $4.02 billion, a PE ratio of -309.63, a price-to-earnings-growth ratio of 3.51 and a beta of 1.66.

Insider Activity

In related news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction dated Monday, November 18th. The shares were 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 of the company’s stock, valued at $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

Several institutional investors and hedge funds have recently added to or reduced their stakes in UAA. CWM LLC grew its holdings in 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 period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Under Armour by 11.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock worth $123,000 after purchasing an additional 1,409 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Under Armour by 7.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after purchasing an additional 1,485 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Under Armour by 10.2% in the second quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock valued at $127,000 after purchasing an additional 1,764 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after buying an additional 1,800 shares in the last quarter. Institutional investors and hedge funds 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.