Needham & Company LLC Reaffirms “Hold” Rating for Under Armour (NYSE:UAA)

Under Armour (NYSE:UAA)‘s stock had its “hold” rating reiterated by analysts at Needham & Company LLC in a report released on Friday, Marketbeat Ratings reports.

Other analysts have also recently issued research reports about the company. TD Cowen lifted their price target on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Robert W. Baird lifted their target price 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 increased their price target on shares of Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. BMO Capital Markets lifted their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Stifel Nicolaus increased their price objective on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.03.

Under Armour Stock Performance

Shares of Under Armour stock opened at $9.52 on Friday. The firm has a market capitalization of $4.12 billion, a P/E ratio of -317.33, a PEG ratio of 3.45 and a beta of 1.66. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average price of $8.87 and a 200 day moving average price of $7.72.

Insider Transactions at Under Armour

In related news, insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares in the company, valued at $1,599,032.88. This represents a 8.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Under Armour

Several institutional investors have recently bought and sold shares of UAA. FMR LLC raised its position in shares of Under Armour by 144,746.6% in the third quarter. FMR LLC now owns 9,659,823 shares of the company’s stock valued at $86,069,000 after buying an additional 9,653,154 shares during the last quarter. Pacer Advisors Inc. grew its stake in Under Armour by 33,725.1% during the 3rd quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock valued at $85,526,000 after acquiring an additional 9,570,512 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Under Armour by 12.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after acquiring an additional 1,051,143 shares during the last quarter. Janus Henderson Group PLC lifted its stake in 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 in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of Under Armour by 195.8% during the 3rd quarter. Quantinno Capital Management LP now owns 903,257 shares of the company’s stock worth $8,048,000 after purchasing an additional 597,943 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.