Under Armour (NYSE:UAA) Shares Up 7.8% – Time to Buy?

Shares of Under Armour, Inc. (NYSE:UAA) rose 7.8% on Tuesday . The company traded as high as $5.84 and last traded at $5.87. Approximately 2,018,045 shares traded hands during trading, a decline of 83% from the average daily volume of 11,812,232 shares. The stock had previously closed at $5.44.

Analysts Set New Price Targets

UAA has been the topic of a number of analyst reports. Guggenheim reiterated a “neutral” rating on shares of Under Armour in a research report on Friday, February 7th. Barclays decreased their price target on Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Stifel Nicolaus cut their price target on Under Armour from $13.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a report on Friday, February 7th. Finally, StockNews.com upgraded Under Armour from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.12.

Under Armour Trading Down 2.8 %

The firm has a market capitalization of $2.40 billion, a PE ratio of -19.24 and a beta of 1.49. The company has a fifty day moving average of $6.53 and a 200-day moving average of $8.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter in the previous year, the firm posted $0.19 earnings per share. On average, sell-side analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Yousif Capital Management LLC raised its stake in shares of Under Armour by 4.6% in the 1st quarter. Yousif Capital Management LLC now owns 68,911 shares of the company’s stock valued at $431,000 after purchasing an additional 3,024 shares during the period. City State Bank grew its position in Under Armour by 99.4% in the first quarter. City State Bank now owns 20,063 shares of the company’s stock valued at $125,000 after acquiring an additional 10,000 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Under Armour by 1.3% in the 1st quarter. Rhumbline Advisers now owns 501,147 shares of the company’s stock valued at $3,132,000 after acquiring an additional 6,607 shares during the last quarter. GAMMA Investing LLC grew its holdings in Under Armour by 872.2% during the 1st quarter. GAMMA Investing LLC now owns 16,644 shares of the company’s stock worth $104,000 after acquiring an additional 14,932 shares during the last quarter. Finally, 111 Capital bought a new position in Under Armour during the 4th quarter worth approximately $412,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

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.