Under Armour (NYSE:UAA) Shares Up 7.8% – Here’s Why

by · The Cerbat Gem

Under Armour, Inc. (NYSE:UAA – Get Free Report)’s share price traded up 7.8% during trading on Tuesday . The stock traded as high as $5.84 and last traded at $5.87. 2,018,045 shares were traded during trading, a decline of 83% from the average session volume of 11,812,232 shares. The stock had previously closed at $5.44.

Wall Street Analysts Forecast Growth

UAA has been the subject of several recent research reports. StockNews.com raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. Argus downgraded Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. Barclays reduced their price objective on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Finally, Evercore ISI decreased their price target on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.12.

Check Out Our Latest Research Report on UAA

Under Armour Price Performance

The stock has a market capitalization of $2.43 billion, a P/E ratio of -19.48 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The firm has a 50-day moving average price of $6.57 and a 200 day moving average price of $8.08.

Under Armour (NYSE:UAA – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company earned $0.19 EPS. On average, analysts expect that Under Armour, Inc. will post 0.3 EPS for the current year.

Institutional Investors Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently bought and sold shares of UAA. FMR LLC boosted its holdings in Under Armour by 193.2% in the fourth quarter. FMR LLC now owns 28,317,951 shares of the company’s stock worth $234,473,000 after acquiring an additional 18,658,128 shares in the last quarter. Vanguard Group Inc. grew its position in Under Armour by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock valued at $128,741,000 after purchasing an additional 263,988 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in Under Armour by 55.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock valued at $81,057,000 after purchasing an additional 3,503,006 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Under Armour by 10.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,528,935 shares of the company’s stock valued at $45,780,000 after buying an additional 533,417 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Under Armour by 13.7% during the fourth quarter. Renaissance Technologies LLC now owns 4,837,800 shares of the company’s stock valued at $40,057,000 after acquiring an additional 581,800 shares in the last quarter. Hedge funds and other institutional investors own 34.58% of the company’s stock.

About Under Armour

(Get Free Report)

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.

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