KGI Securities Begins Coverage on Under Armour (NYSE:UAA)

KGI Securities initiated coverage on shares of Under Armour (NYSE:UAA) in a research report issued on Friday,Benzinga reports. The brokerage set a “neutral” rating and a $7.40 price target on the stock. KGI Securities’ target price would indicate a potential upside of 7.64% from the stock’s previous close.

UAA has been the subject of several other reports. Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. UBS Group lowered their price objective 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 target price on shares of Under Armour in a research report on Friday, December 13th. Barclays decreased their price target on Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Finally, Guggenheim restated a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.99.

Under Armour Stock Down 1.1 %

UAA stock opened at $6.88 on Friday. The stock’s 50 day simple moving average is $7.78 and its 200 day simple moving average is $8.44. The company has a market cap of $2.96 billion, a P/E ratio of -23.71 and a beta of 1.63. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89.

Under Armour (NYSE:UAA) last released its quarterly earnings data 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 positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter in the prior year, the business earned $0.19 earnings per share. On average, research analysts expect that Under Armour will post 0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Under Armour

Several institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp raised its stake in shares of Under Armour by 421.4% in the fourth quarter. Mackenzie Financial Corp now owns 53,241 shares of the company’s stock valued at $441,000 after buying an additional 43,029 shares during the period. Vise Technologies Inc. increased its holdings in Under Armour by 13.7% in the 4th quarter. Vise Technologies Inc. now owns 36,365 shares of the company’s stock worth $301,000 after acquiring an additional 4,371 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Under Armour by 279.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,727,901 shares of the company’s stock valued at $14,307,000 after acquiring an additional 1,273,129 shares during the period. Woodline Partners LP lifted its holdings in Under Armour by 50.2% during the fourth quarter. Woodline Partners LP now owns 369,655 shares of the company’s stock valued at $3,061,000 after purchasing an additional 123,499 shares during the last quarter. Finally, Vident Advisory LLC purchased a new position in shares of Under Armour in the fourth quarter worth about $85,000. 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.