B. Riley restated their sell rating on shares of Under Armour (NYSE:UAA) in a research note released on Tuesday, February 5th, The Fly reports. The brokerage currently has a $12.00 price target on the stock.
Several other brokerages have also recently issued reports on UAA. Wells Fargo & Co cut shares of Under Armour from a market perform rating to an underperform rating and set a $23.50 target price on the stock. in a report on Sunday, December 2nd. Goldman Sachs Group upgraded shares of Under Armour from a neutral rating to a buy rating and raised their target price for the stock from $24.00 to $28.00 in a report on Tuesday, January 22nd. Atlantic Securities cut shares of Under Armour from a neutral rating to an underweight rating in a report on Wednesday, December 19th. Zacks Investment Research upgraded shares of Under Armour from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Saturday, January 5th. Finally, ValuEngine upgraded shares of Under Armour from a hold rating to a buy rating in a report on Monday, February 4th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $22.78.
UAA stock traded up $0.31 during trading on Tuesday, reaching $22.86. The company had a trading volume of 5,761,447 shares, compared to its average volume of 6,712,935. Under Armour has a 52 week low of $15.60 and a 52 week high of $24.96. The company has a market cap of $9.72 billion, a P/E ratio of 84.67, a PEG ratio of 2.85 and a beta of 0.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.97 and a quick ratio of 1.20.
Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, February 12th. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Under Armour had a negative net margin of 0.89% and a positive return on equity of 6.11%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts expect that Under Armour will post 0.34 earnings per share for the current fiscal year.
In related news, insider Paul Fipps sold 3,106 shares of Under Armour stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $21.55, for a total transaction of $66,934.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 16.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Biondo Investment Advisors LLC increased its holdings in Under Armour by 0.3% in the 4th quarter. Biondo Investment Advisors LLC now owns 167,640 shares of the company’s stock valued at $2,924,000 after acquiring an additional 520 shares during the last quarter. Securian Asset Management Inc increased its holdings in shares of Under Armour by 3.1% in the 4th quarter. Securian Asset Management Inc now owns 19,298 shares of the company’s stock worth $341,000 after buying an additional 585 shares during the last quarter. Brown Advisory Securities LLC increased its holdings in shares of Under Armour by 5.4% in the 4th quarter. Brown Advisory Securities LLC now owns 14,382 shares of the company’s stock worth $259,000 after buying an additional 741 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Under Armour by 0.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 245,501 shares of the company’s stock worth $4,338,000 after buying an additional 878 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. increased its holdings in shares of Under Armour by 7.4% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 12,975 shares of the company’s stock worth $229,000 after buying an additional 891 shares during the last quarter. Institutional investors own 38.85% of the company’s stock.
Under Armour Company Profile
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.
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