Under Armour, Inc. (NYSE:UAA) Receives Average Rating of “Hold” from Analysts

Under Armour, Inc. (NYSE:UAA) has earned a consensus rating of “Hold” from the eighteen analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $7.50.

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Under Armour from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, May 17th. BMO Capital Markets reduced their price target on Under Armour from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, May 17th. Barclays upped their price objective on Under Armour from $6.00 to $8.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. William Blair cut Under Armour from an “outperform” rating to a “market perform” rating in a report on Thursday, May 16th. Finally, Stifel Nicolaus upped their price target on Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 9th.

Under Armour Trading Up 0.4 %

UAA stock opened at $8.23 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. Under Armour has a twelve month low of $6.17 and a twelve month high of $9.50. The company has a market cap of $3.56 billion, a P/E ratio of 15.24, a PEG ratio of 3.53 and a beta of 1.65. The business has a fifty day moving average of $7.24 and a 200-day moving average of $7.22.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.09. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business posted $0.02 EPS. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, equities research analysts expect that Under Armour will post 0.22 EPS for the current year.

Under Armour declared that its Board of Directors has authorized a share buyback program on Thursday, May 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 16.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Under Armour

A number of large investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its holdings in shares of Under Armour by 39.3% during the fourth quarter. Teacher Retirement System of Texas now owns 27,524 shares of the company’s stock worth $242,000 after buying an additional 7,771 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Under Armour by 29.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock worth $62,893,000 after acquiring an additional 1,636,634 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Under Armour in the first quarter valued at approximately $8,944,000. Virtu Financial LLC bought a new stake in shares of Under Armour in the fourth quarter worth $440,000. Finally, Hexagon Capital Partners LLC grew its position in Under Armour by 101.1% in the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after purchasing an additional 1,890 shares in the last quarter. Institutional investors own 34.58% of the company’s stock.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.