Under Armour, Inc. (NYSE:UAA) Receives Average Rating of “Hold” from Brokerages

Under Armour, Inc. (NYSE:UAA) has received a consensus recommendation of “Hold” from the eighteen analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $7.57.

UAA has been the subject of a number of research analyst reports. Barclays lifted their target price on shares of Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Stifel Nicolaus lifted their price objective on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 9th. BMO Capital Markets increased their target price on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Argus upgraded Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Wedbush increased their price objective on shares of Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research note on Friday, August 9th.

Under Armour Price Performance

Shares of NYSE UAA opened at $9.36 on Friday. The company has a 50 day moving average of $8.23 and a 200 day moving average of $7.29. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. Under Armour has a twelve month low of $6.17 and a twelve month high of $9.58. The firm has a market cap of $4.09 billion, a P/E ratio of 17.33, a PEG ratio of 4.41 and a beta of 1.66.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.09. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 10.1% on a year-over-year basis. During the same period last year, the company earned $0.02 EPS. As a group, research analysts expect that Under Armour will post 0.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Under Armour

Large investors have recently made changes to their positions in the business. Hexagon Capital Partners LLC raised its stake in Under Armour by 101.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after purchasing an additional 1,890 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Under Armour during the third quarter valued at approximately $56,000. Optas LLC purchased a new position in shares of Under Armour in the second quarter worth $72,000. CWM LLC boosted its position in shares of 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 last quarter. Finally, Koss Olinger Consulting LLC purchased a new position in Under Armour during the second quarter valued at $79,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Company Profile

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.