Brokerages Set Under Armour, Inc. (NYSE:UAA) Target Price at $9.09

Under Armour, Inc. (NYSE:UAA) has earned an average recommendation of “Hold” from the twenty-two brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $9.09.

Several equities research analysts have weighed in on UAA shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. UBS Group dropped their target price on Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Robert W. Baird increased their target price on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Barclays dropped their target price on Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Finally, Argus lowered Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th.

Under Armour Stock Performance

UAA stock opened at $7.20 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The firm has a market cap of $3.09 billion, a P/E ratio of -24.82 and a beta of 1.69. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The stock’s 50 day simple moving average is $8.04 and its 200 day simple moving average is $8.51.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company posted $0.19 EPS. As a group, equities research analysts predict that Under Armour will post 0.3 EPS for the current year.

Insider Activity

In other news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 15.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Under Armour

Several hedge funds have recently bought and sold shares of the business. FMR LLC lifted its stake in Under Armour by 193.2% in the 4th quarter. FMR LLC now owns 28,317,951 shares of the company’s stock worth $234,473,000 after acquiring an additional 18,658,128 shares in the last quarter. Vanguard Group Inc. lifted its stake in Under Armour by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock worth $128,741,000 after acquiring an additional 263,988 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in Under Armour by 55.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after acquiring an additional 3,503,006 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Under Armour by 33,725.1% in the 3rd quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock worth $85,526,000 after acquiring an additional 9,570,512 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its stake in Under Armour by 6.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock worth $51,149,000 after acquiring an additional 327,979 shares in the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

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.