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

Shares of Under Armour, Inc. (NYSE:UAA) have earned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $7.50.

Several analysts have recently weighed in on UAA shares. William Blair downgraded Under Armour from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 16th. Stifel Nicolaus upped their target price on Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley downgraded shares of Under Armour from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $8.00 to $4.00 in a research report on Tuesday, July 23rd. Citigroup dropped their price target on shares of Under Armour from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. Finally, Barclays increased their price objective on shares of Under Armour from $6.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday.

Institutional Investors Weigh In On Under Armour

Several large investors have recently added to or reduced their stakes in UAA. Dimensional Fund Advisors LP grew its position in shares of Under Armour by 29.7% during the fourth 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 during the last quarter. Jupiter Asset Management Ltd. acquired a new position in Under Armour during the 1st quarter valued at about $8,944,000. Norges Bank acquired a new position in shares of Under Armour in the 4th quarter worth approximately $10,348,000. Janus Henderson Group PLC grew its stake in shares of Under Armour by 27.2% in the 1st quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock worth $28,712,000 after purchasing an additional 831,202 shares during the last quarter. Finally, Lumbard & Kellner LLC acquired a new position in shares of Under Armour in the first quarter worth about $3,394,000. 34.58% of the stock is owned by institutional investors and hedge funds.

Under Armour Price Performance

UAA opened at $7.84 on Tuesday. 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 52-week low of $6.17 and a 52-week high of $9.50. The company has a 50 day moving average of $6.83 and a two-hundred day moving average of $7.18. The company has a market cap of $3.42 billion, a P/E ratio of 14.52, a P/E/G ratio of 3.75 and a beta of 1.67.

Under Armour (NYSE:UAA) last posted its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the company posted $0.02 earnings per share. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. On average, analysts expect that Under Armour will post 0.21 earnings per share for the current year.

Under Armour declared that its board has initiated a share buyback plan on Thursday, May 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 16.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.