Under Armour’s (UAA) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Under Armour (NYSE:UAA) in a research report report published on Thursday morning,Benzinga reports. They currently have a $10.00 target price on the stock.

Other research analysts also recently issued research reports about the stock. Barclays decreased their price objective on shares of 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. Robert W. Baird lifted their price target on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. UBS Group lowered their price target on Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Argus cut Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a report on Friday, December 13th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.22.

Under Armour Stock Performance

Shares of UAA stock opened at $7.59 on Thursday. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89. The company’s fifty day simple moving average is $8.72 and its 200-day simple moving average is $8.45. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 13.20% and a negative net margin of 0.27%. During the same quarter in the previous year, the firm earned $0.19 earnings per share. On average, research analysts predict 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 on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the sale, the insider now owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock worth $508,642 in the last quarter. Corporate insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP grew its stake in Under Armour by 288.1% during the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after buying an additional 314,226 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of Under Armour during the 3rd quarter worth approximately $576,000. International Assets Investment Management LLC boosted its position in shares of Under Armour by 2,413.5% during the 3rd quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock worth $638,000 after acquiring an additional 68,786 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Under Armour by 48.1% in the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after acquiring an additional 199,348 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Under Armour by 37.4% during the fourth quarter. SG Americas Securities LLC now owns 158,541 shares of the company’s stock valued at $1,313,000 after purchasing an additional 43,158 shares in the last quarter. 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.