Under Armour, Inc. (NYSE:UAA) Given Consensus Recommendation of “Hold” by Brokerages

Under Armour, Inc. (NYSE:UAA) has been given an average rating of “Hold” by the twenty-one research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $9.06.

A number of equities analysts recently commented on UAA shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 price objective on shares of Under Armour in a research note on Thursday, February 6th. Morgan Stanley reaffirmed an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a report on Friday, December 13th. Barclays reduced their target price on Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. UBS Group reduced 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 note on Tuesday, January 28th. Finally, Argus cut shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th.

Under Armour Stock Down 3.3 %

Under Armour stock opened at $6.39 on Wednesday. The company’s 50-day moving average price is $7.45 and its two-hundred day moving average price is $8.34. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2.75 billion, a P/E ratio of -22.03 and a beta of 1.63. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. 111 Capital acquired a new position in Under Armour in the 4th quarter valued at approximately $412,000. Wealth Enhancement Advisory Services LLC increased its holdings in Under Armour by 30.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,035 shares of the company’s stock valued at $149,000 after purchasing an additional 4,175 shares during the period. Mackenzie Financial Corp raised 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 worth $441,000 after purchasing an additional 43,029 shares during the last quarter. Vise Technologies Inc. lifted its holdings in Under Armour by 13.7% during the 4th quarter. Vise Technologies Inc. now owns 36,365 shares of the company’s stock worth $301,000 after buying an additional 4,371 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Under Armour by 279.9% in 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 buying 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.