Under Armour’s (UAA) Neutral Rating Reiterated at Guggenheim

Guggenheim restated their neutral rating on shares of Under Armour (NYSE:UAA) in a research note issued to investors on Friday morning,Benzinga reports.

A number of other research firms have also recently issued reports on UAA. Truist Financial lifted their target price on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, November 8th. 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 report on Monday, December 16th. Wells Fargo & Company raised their target price on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Robert W. Baird upped their price target on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, TD Cowen raised their price objective on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.22.

Under Armour Trading Down 4.1 %

NYSE UAA opened at $7.29 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89. The firm’s fifty day simple moving average is $8.62 and its 200-day simple moving average is $8.48. The company has a market capitalization of $3.15 billion, a PE ratio of -25.12 and a beta of 1.69.

Under Armour (NYSE:UAA) last issued its earnings results 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 period last year, the company posted $0.19 EPS. As a group, sell-side analysts anticipate that Under Armour will post 0.29 earnings per share for the current fiscal year.

Insider Transactions at Under Armour

In related news, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the transaction, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the firm’s 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 approximately $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by company insiders.

Institutional Trading of Under Armour

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. lifted its stake in Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after purchasing an additional 1,800 shares during the period. Compagnie Lombard Odier SCmA bought a new position in shares of Under Armour during the 4th quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Under Armour in the 4th quarter valued at $27,000. SBI Securities Co. Ltd. bought a new stake in Under Armour in the fourth quarter valued at $40,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Under Armour during the third quarter worth $56,000. Institutional investors 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.