Telsey Advisory Group Reiterates “Market Perform” Rating for Under Armour (NYSE:UAA)

Under Armour (NYSE:UAA)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a research note issued to investors on Thursday,Benzinga reports. They currently have a $10.00 price target on the stock. Telsey Advisory Group’s price target points to a potential upside of 21.14% from the stock’s current price.

Several other research analysts have also weighed in on UAA. Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Wells Fargo & Company lifted their target price on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Morgan Stanley restated an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Finally, Barclays dropped their target price on Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.22.

Under Armour Stock Performance

NYSE:UAA opened at $8.26 on Thursday. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89. The company has a market cap of $3.57 billion, a P/E ratio of -275.07 and a beta of 1.69. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $8.72 and its 200-day moving average price is $8.45.

Under Armour (NYSE:UAA) last issued its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. Under Armour had a positive return on equity of 13.20% and a negative net margin of 0.27%. On average, sell-side analysts forecast that Under Armour will post 0.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Under Armour news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the transaction, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the transaction, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock valued at $508,642 in the last ninety days. Insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Under Armour

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after buying an additional 1,409 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Under Armour by 11.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after acquiring an additional 1,409 shares during the period. MCF Advisors LLC boosted its position in shares of Under Armour by 7.6% during the fourth quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock worth $167,000 after buying an additional 1,419 shares during the period. Optas LLC grew its position in Under Armour by 5.5% in the 4th 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 boosted its stake in 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 valued at $203,000 after purchasing 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.