Under Armour’s (UAA) “Neutral” Rating Reiterated at Guggenheim

Under Armour (NYSE:UAA)‘s stock had its “neutral” rating restated by investment analysts at Guggenheim in a research report issued to clients and investors on Friday,Benzinga reports.

A number of other brokerages also recently issued reports on UAA. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research report on Friday. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price objective on shares of Under Armour in a research note on Thursday. Robert W. Baird raised their price target on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Morgan Stanley restated an “underweight” rating and set a $4.00 target price on shares of Under Armour in a report on Friday, December 13th. Finally, Barclays lowered their price objective on Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday, December 16th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.22.

Under Armour Stock Performance

UAA stock traded down $0.17 during trading on Friday, hitting $7.43. 5,043,359 shares of the company traded hands, compared to its average volume of 9,858,669. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. Under Armour has a 1 year low of $6.17 and a 1 year high of $11.89. The stock’s 50-day simple moving average is $8.72 and its 200 day simple moving average is $8.45. The company has a market cap of $3.21 billion, a PE ratio of -248.08 and a beta of 1.69.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 0.27% and a positive return on equity of 13.20%. During the same quarter last year, the firm earned $0.19 EPS. On average, equities analysts expect that Under Armour will post 0.27 earnings per share for the current fiscal year.

Insider Activity at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 494,210 shares in the company, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the sale, the insider now directly owns 182,538 shares in the company, valued at $1,599,032.88. This represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,879 shares of company stock worth $508,642 in the last three months. 15.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Under Armour

Several large investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. increased its stake in shares of Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after buying an additional 1,800 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in shares of Under Armour in the 4th quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Under Armour during the fourth quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new position in Under Armour during the fourth quarter worth approximately $40,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Under Armour in the 3rd quarter valued at $56,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

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.