Under Armour (NYSE:UAA) Earns “Market Perform” Rating from Telsey Advisory Group

Under Armour (NYSE:UAA)‘s stock had its “market perform” rating restated by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $10.00 price objective on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 21.14% from the stock’s current price.

Several other equities research analysts also recently issued reports on UAA. Barclays lowered their price objective on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. UBS Group dropped their price target on Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. 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 reiterated a “hold” rating on shares of Under Armour in a report on Friday, December 13th. Finally, TD Cowen raised their price objective on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Under Armour presently has a consensus rating of “Hold” and a consensus target price of $9.22.

Under Armour Trading Up 0.1 %

Under Armour stock opened at $8.26 on Thursday. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of -275.07 and a beta of 1.69. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $8.72 and a two-hundred day moving average price of $8.45.

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 $0.04 by $0.04. Under Armour had a positive return on equity of 13.20% and a negative net margin of 0.27%. As a group, equities analysts forecast that Under Armour will post 0.27 EPS for the current year.

Insiders Place Their Bets

In related news, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the sale, the insider now directly owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. This trade represents a 8.63 % 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, CFO David Bergman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is owned by corporate insiders.

Institutional Trading of Under Armour

A number of hedge funds have recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA acquired a new position in shares of Under Armour during the 4th quarter worth approximately $25,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Under Armour by 163.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after purchasing an additional 1,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Under Armour during the fourth quarter valued at about $27,000. SBI Securities Co. Ltd. acquired a new stake in Under Armour during the 4th quarter worth approximately $40,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Under Armour in the third quarter worth $56,000. 34.58% of the stock is owned by institutional investors and hedge funds.

Under Armour Company Profile

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.