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

Under Armour (NYSE:UAA) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

A number of other equities analysts also recently commented on the stock. UBS Group reduced their target price on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research report on Thursday, February 6th. Evercore ISI lowered their price objective on Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research report on Monday, February 10th. TD Cowen raised their target price on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Finally, Argus lowered Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.06.

Under Armour Trading Down 1.4 %

Shares of Under Armour stock opened at $6.62 on Thursday. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The stock has a market cap of $2.84 billion, a P/E ratio of -22.81 and a beta of 1.63. The stock’s 50 day simple moving average is $7.58 and its 200-day simple moving average is $8.38.

Under Armour (NYSE:UAA) last issued its 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 period in the previous year, the company posted $0.19 earnings per share. Analysts predict that Under Armour will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Under Armour

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Under Armour by 193.2% in the fourth quarter. FMR LLC now owns 28,317,951 shares of the company’s stock valued at $234,473,000 after acquiring an additional 18,658,128 shares in the last quarter. Vanguard Group Inc. increased its holdings in Under Armour by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock worth $128,741,000 after purchasing an additional 263,988 shares during the period. Alyeska Investment Group L.P. raised its position 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 valued at $81,057,000 after purchasing an additional 3,503,006 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Under Armour by 33,725.1% in the 3rd quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock valued at $85,526,000 after buying an additional 9,570,512 shares during the period. Finally, Disciplined Growth Investors Inc. MN grew its position in shares of Under Armour by 6.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock worth $51,149,000 after buying an additional 327,979 shares in the last quarter. Hedge funds and other 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.