Under Armour (NYSE:UAA) Earns Neutral Rating from Analysts at KGI Securities

KGI Securities started coverage on shares of Under Armour (NYSE:UAA) in a report issued on Friday,Benzinga reports. The firm issued a neutral rating and a $7.40 price target on the stock.

Several other equities research analysts have also commented on the stock. Robert W. Baird boosted their price objective on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Evercore ISI dropped their price objective on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company boosted their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. UBS Group dropped their price objective on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Finally, Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.99.

Under Armour Price Performance

Shares of NYSE UAA opened at $7.09 on Friday. 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 2.01 and a quick ratio of 1.19. The company’s 50-day moving average is $7.76 and its 200 day moving average is $8.43. The stock has a market capitalization of $3.05 billion, a P/E ratio of -24.43 and a beta of 1.63.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating 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 in the previous year, the company earned $0.19 EPS. On average, sell-side analysts expect that Under Armour will post 0.3 earnings per share for the current year.

Institutional Trading of Under Armour

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp increased 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 worth $441,000 after purchasing an additional 43,029 shares in the last quarter. Vise Technologies Inc. increased its stake in shares of Under Armour by 13.7% in the fourth quarter. Vise Technologies Inc. now owns 36,365 shares of the company’s stock worth $301,000 after purchasing an additional 4,371 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Under Armour by 279.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,727,901 shares of the company’s stock worth $14,307,000 after purchasing an additional 1,273,129 shares in the last quarter. Woodline Partners LP increased its stake in shares of Under Armour by 50.2% in the fourth quarter. Woodline Partners LP now owns 369,655 shares of the company’s stock worth $3,061,000 after purchasing an additional 123,499 shares in the last quarter. Finally, Vident Advisory LLC purchased a new stake in shares of Under Armour in the fourth quarter worth $85,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Company Profile

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.