Shares of Under Armour Inc (NYSE:UA) have received an average rating of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $19.44.
A number of equities research analysts recently weighed in on UA shares. ValuEngine raised shares of Under Armour from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. Piper Jaffray Companies set a $30.00 price target on shares of Under Armour and gave the company a “buy” rating in a research report on Monday, December 31st. Pivotal Research reissued a “hold” rating and issued a $22.00 price target on shares of Under Armour in a research report on Wednesday, February 13th. B. Riley set a $12.00 price target on shares of Under Armour and gave the company a “sell” rating in a research report on Tuesday, April 9th. Finally, Canaccord Genuity set a $13.00 price target on shares of Under Armour and gave the company a “sell” rating in a research report on Tuesday, March 19th.
Get Under Armour alerts: In other Under Armour news, insider Paul Fipps sold 23,247 shares of Under Armour stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $19.49, for a total value of $453,084.03. Following the transaction, the insider now directly owns 362,784 shares in the company, valued at $7,070,660.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website . Insiders own 15.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Paloma Partners Management Co acquired a new position in shares of Under Armour during the third quarter worth about $196,000. Pacer Advisors Inc. increased its stake in shares of Under Armour by 31.5% during the third quarter. Pacer Advisors Inc. now owns 11,421 shares of the company’s stock worth $222,000 after acquiring an additional 2,739 shares during the period. Teachers Advisors LLC grew its position in Under Armour by 4.3% during the third quarter. Teachers Advisors LLC now owns 353,039 shares of the company’s stock worth $6,870,000 after buying an additional 14,501 shares during the period. WealthPLAN Partners LLC grew its position in Under Armour by 5.1% during the third quarter. WealthPLAN Partners LLC now owns 135,000 shares of the company’s stock worth $2,616,000 after buying an additional 6,509 shares during the period. Finally, Federated Investors Inc. PA grew its position in Under Armour by 273.9% during the third quarter. Federated Investors Inc. PA now owns 7,467 shares of the company’s stock worth $145,000 after buying an additional 5,470 shares during the period. Institutional investors own 33.54% of the company’s stock.
Shares of Under Armour stock traded up $0.30 during trading on Thursday, hitting $20.40. 1,477,390 shares of the stock were exchanged, compared to its average volume of 1,673,911. Under Armour has a 12-month low of $14.39 and a 12-month high of $23.28. The stock has a market cap of $9.15 billion, a P/E ratio of 78.46 and a beta of 0.93. The company has a current ratio of 1.97, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.
Under Armour (NYSE:UA) last announced its quarterly earnings results on Tuesday, February 12th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Under Armour had a negative net margin of 0.89% and a positive return on equity of 6.03%. The firm had revenue of $1.39 billion during the quarter.
Under Armour Company Profile
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.
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