Under Armour (NYSE:UAA) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Under Armour (NYSE:UAA) from a sell rating to a hold rating in a report issued on Thursday.

UAA has been the topic of a number of other research reports. Telsey Advisory Group restated a “market perform” rating and issued a $10.00 price objective on shares of Under Armour in a research report on Thursday, February 6th. UBS Group decreased 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. Morgan Stanley reissued an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. TD Cowen lifted their price objective on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Evercore ISI reduced their target price on Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Under Armour has a consensus rating of “Hold” and a consensus price target of $9.06.

Under Armour Price Performance

UAA stock opened at $6.42 on Thursday. The firm’s 50-day moving average price is $7.48 and its two-hundred day moving average price is $8.34. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of -22.12 and a beta of 1.63. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 EPS. As a group, equities analysts predict that Under Armour will post 0.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 111 Capital bought a new position in Under Armour during the 4th quarter valued at approximately $412,000. Wealth Enhancement Advisory Services LLC increased its position in Under Armour by 30.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,035 shares of the company’s stock valued at $149,000 after buying an additional 4,175 shares in the last quarter. Mackenzie Financial Corp increased its position in Under Armour by 421.4% during the 4th quarter. Mackenzie Financial Corp now owns 53,241 shares of the company’s stock valued at $441,000 after buying an additional 43,029 shares in the last quarter. Vise Technologies Inc. increased its position in Under Armour by 13.7% during the 4th quarter. Vise Technologies Inc. now owns 36,365 shares of the company’s stock valued at $301,000 after buying an additional 4,371 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Under Armour by 279.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,727,901 shares of the company’s stock valued at $14,307,000 after purchasing an additional 1,273,129 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.