Under Armour (NYSE:UAA) Earns Neutral Rating from Guggenheim

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

UAA has been the topic of several other reports. UBS Group decreased their price target 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. TD Cowen increased their price objective on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Telsey Advisory Group restated a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research report on Thursday. Morgan Stanley reiterated an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a report on Friday, December 13th. Finally, Robert W. Baird boosted their price objective on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.22.

Under Armour Trading Down 4.1 %

Shares of UAA opened at $7.29 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.01. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -25.12 and a beta of 1.69. The stock has a fifty day moving average price of $8.62 and a two-hundred day moving average price of $8.48. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating 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 in the previous year, the business earned $0.19 earnings per share. Analysts predict that Under Armour will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO David Bergman sold 30,000 shares of the business’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 value of $272,700.00. Following the completion of the transaction, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the sale, the insider now owns 172,899 shares in the company, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UAA. FMR LLC raised its holdings in shares of Under Armour by 144,746.6% during the third quarter. FMR LLC now owns 9,659,823 shares of the company’s stock worth $86,069,000 after acquiring an additional 9,653,154 shares during the period. Pacer Advisors Inc. raised 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 purchasing an additional 9,570,512 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Under Armour by 195.8% in the third quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock valued at $8,048,000 after purchasing an additional 597,943 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted 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 during the period. Finally, Quantbot Technologies LP boosted its position in shares of Under Armour by 288.1% during the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after buying an additional 314,226 shares during the period. 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.