Under Armour (NYSE:UAA) Upgraded at StockNews.com

StockNews.com upgraded shares of Under Armour (NYSE:UAA) from a sell rating to a hold rating in a report published on Thursday.

UAA has been the subject of a number of other reports. Barclays reduced their price objective on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Guggenheim reiterated a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Morgan Stanley reiterated an “underweight” rating and issued a $4.00 price objective on shares of Under Armour in a research note on Friday, December 13th. UBS Group reduced their price objective on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Finally, Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Under Armour currently has an average rating of “Hold” and a consensus target price of $9.06.

Under Armour Trading Down 0.9 %

Shares of UAA stock opened at $6.42 on Thursday. The company has a 50 day moving average of $7.48 and a 200-day moving average of $8.34. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The firm has a market cap of $2.76 billion, a P/E ratio of -22.12 and a beta of 1.63.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the company posted $0.19 earnings per share. Sell-side analysts anticipate that Under Armour will post 0.3 earnings per share for the current year.

Institutional Trading of Under Armour

A number of hedge funds have recently made changes to their positions in the stock. MCF Advisors LLC lifted its holdings in shares of Under Armour by 7.6% during the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock worth $167,000 after acquiring an additional 1,419 shares during the last quarter. Optas LLC lifted its holdings 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 last quarter. Mariner LLC lifted its stake in Under Armour by 10.0% in the fourth quarter. Mariner LLC now owns 17,006 shares of the company’s stock worth $141,000 after purchasing an additional 1,552 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in Under Armour by 2.4% in the fourth quarter. Amalgamated Bank now owns 87,534 shares of the company’s stock worth $725,000 after purchasing an additional 2,014 shares during the last quarter. 34.58% of the stock is 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.