Under Armour (NYSE:UAA) Receives Hold Rating from Needham & Company LLC

Under Armour (NYSE:UAA)‘s stock had its “hold” rating restated by research analysts at Needham & Company LLC in a note issued to investors on Friday,Benzinga reports.

UAA has been the subject of a number of other reports. Barclays lowered their target price on Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. 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. TD Cowen lifted their price target 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. Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Finally, Robert W. Baird lifted their price target on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.22.

Under Armour Price Performance

Shares of UAA opened at $7.59 on Friday. The firm has a 50-day simple moving average of $8.72 and a two-hundred day simple moving average of $8.45. The stock has a market cap of $3.28 billion, a PE ratio of -253.02 and a beta of 1.69. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89. 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 (NYSE:UAA) last posted 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 negative net margin of 0.27% and a positive return on equity of 13.20%. During the same period in the prior year, the firm posted $0.19 earnings per share. As a group, analysts forecast that Under Armour will post 0.27 EPS for the current year.

Insiders Place Their Bets

In related news, 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 transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mehri Shadman sold 17,240 shares of the 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 completion of the transaction, the insider now owns 182,538 shares of the company’s stock, valued at $1,599,032.88. The trade was a 8.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,879 shares of company stock worth $508,642. Company insiders own 15.60% of the company’s stock.

Institutional Trading of Under Armour

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