KGI Securities Initiates Coverage on Under Armour (NYSE:UAA)

Analysts at KGI Securities started coverage on shares of Under Armour (NYSE:UAA) in a report released on Friday,Benzinga reports. The firm set a “neutral” rating and a $7.40 price target on the stock. KGI Securities’ price target indicates a potential upside of 4.45% from the stock’s previous close.

UAA has been the subject of several other reports. Argus downgraded Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Morgan Stanley restated an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. Barclays dropped their price objective on Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Robert W. Baird lifted their price objective on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, TD Cowen lifted their price objective on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, December 13th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.99.

Under Armour Stock Performance

Shares of NYSE UAA opened at $7.09 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89. The stock has a 50 day moving average of $7.76 and a 200-day moving average of $8.43. The company has a market capitalization of $3.05 billion, a P/E ratio of -24.43 and a beta of 1.63.

Under Armour (NYSE:UAA) last issued its earnings results on Thursday, February 6th. The company reported $0.08 EPS 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 prior year, the company posted $0.19 earnings per share. As a group, equities research analysts predict that Under Armour will post 0.3 EPS for the current year.

Institutional Investors Weigh In On Under Armour

A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of Under Armour by 11.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after buying an additional 1,409 shares during the last quarter. MCF Advisors LLC grew its position in shares of Under Armour by 7.6% in the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock valued at $167,000 after buying an additional 1,419 shares during the last quarter. Optas LLC grew its position in shares of Under Armour by 5.5% in the 4th quarter. Optas LLC now owns 28,519 shares of the company’s stock valued at $236,000 after buying an additional 1,484 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Under Armour by 7.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after buying an additional 1,485 shares during the last quarter. Finally, Mariner LLC grew its position in shares of Under Armour by 10.0% in the 4th quarter. Mariner LLC now owns 17,006 shares of the company’s stock valued at $141,000 after buying an additional 1,552 shares during 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.