Under Armour’s (UAA) Hold Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Under Armour (NYSE:UAA) in a research report released on Friday morning,Benzinga reports.

UAA has been the topic of several other research reports. Argus downgraded Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Robert W. Baird boosted their target price on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Morgan Stanley reiterated an “underweight” rating and set a $4.00 target price on shares of Under Armour in a research note on Friday, December 13th. UBS Group lowered their target price on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a report on Thursday. Three equities 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.22.

Under Armour Stock Down 4.1 %

Shares of NYSE UAA opened at $7.29 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $3.15 billion, a PE ratio of -25.12 and a beta of 1.69. The firm’s 50-day moving average is $8.62 and its 200-day moving average is $8.48. Under Armour has a 1 year low of $6.17 and a 1 year high of $11.89.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the prior year, the business posted $0.19 EPS. Equities analysts expect that Under Armour will post 0.29 EPS for the current year.

Insider Activity at Under Armour

In related news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the sale, the chief financial officer now owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the sale, the insider now directly owns 172,899 shares in the company, valued at approximately $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 90 days, insiders sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is owned by company insiders.

Institutional Trading of Under Armour

A number of hedge funds and other institutional investors have recently made changes to their positions in UAA. FMR LLC increased its stake in Under Armour by 144,746.6% in the 3rd 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 last quarter. Pacer Advisors Inc. raised its stake in Under Armour by 33,725.1% in the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock worth $85,526,000 after buying an additional 9,570,512 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its position in 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 valued at $51,149,000 after buying an additional 327,979 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Under Armour by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,815,640 shares of the company’s stock worth $39,873,000 after buying an additional 84,802 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Under Armour by 11.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company’s stock valued at $11,853,000 after buying an additional 150,958 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors.

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.