Needham & Company LLC Reiterates “Hold” Rating for Under Armour (NYSE:UAA)

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

Several other research firms have also weighed in on UAA. TD Cowen lifted their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Morgan Stanley reissued an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a report on Friday, December 13th. Barclays dropped 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. Wells Fargo & Company increased their price target on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, UBS Group decreased their price objective on Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.22.

Under Armour Stock Performance

Shares of Under Armour stock opened at $7.29 on Friday. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89. 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 fifty day moving average of $8.67 and a two-hundred day moving average of $8.45.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate 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 last year, the business earned $0.19 EPS. As a group, equities research analysts forecast that Under Armour will post 0.29 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total transaction of $272,700.00. Following the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,879 shares of company stock worth $508,642. Corporate insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC raised its holdings in shares of Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after purchasing an additional 1,409 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Under Armour by 11.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after buying an additional 1,409 shares during the period. MCF Advisors LLC lifted its position in shares of Under Armour by 7.6% in the fourth quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock valued at $167,000 after buying an additional 1,419 shares during the last quarter. Optas LLC boosted its stake in shares of Under Armour by 5.5% during the 4th quarter. Optas LLC now owns 28,519 shares of the company’s stock worth $236,000 after acquiring an additional 1,484 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in shares of Under Armour by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock worth $203,000 after acquiring an additional 1,485 shares during the last quarter. Institutional investors 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.