Under Armour (NYSE:UAA) Given Neutral Rating at Guggenheim

Guggenheim reaffirmed their neutral rating on shares of Under Armour (NYSE:UAA) in a research report report published on Friday,Benzinga reports.

Several other equities analysts have also commented on the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research report on Friday, December 13th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a report on Friday. TD Cowen lifted their target price on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, December 13th. Telsey Advisory Group restated a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research note on Thursday. Finally, Robert W. Baird lifted their price objective on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.22.

Under Armour Trading Down 4.1 %

Shares of Under Armour stock opened at $7.29 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.24. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The business’s fifty day moving average is $8.67 and its two-hundred day moving average is $8.45.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $0.19 EPS. On average, research analysts predict that Under Armour will post 0.29 earnings per share for the current year.

Insider Buying and Selling

In other Under Armour news, CFO David Bergman sold 30,000 shares of the firm’s stock in a transaction that occurred 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 owns 494,210 shares in the company, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the sale, the insider now owns 172,899 shares in the company, valued at $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock valued at $508,642 in the last quarter. Company insiders own 15.60% of the company’s stock.

Institutional Trading of Under Armour

Hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP boosted its stake in Under Armour by 288.1% during the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock valued at $3,772,000 after acquiring an additional 314,226 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Under Armour during the third quarter worth about $576,000. International Assets Investment Management LLC grew its stake in Under Armour by 2,413.5% in the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock worth $638,000 after purchasing an additional 68,786 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Under Armour by 48.1% in the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after buying an additional 199,348 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Under Armour by 37.4% during the fourth quarter. SG Americas Securities LLC now owns 158,541 shares of the company’s stock valued at $1,313,000 after buying an additional 43,158 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.