Under Armour (NYSE:UA) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Under Armour (NYSE:UA) in a report issued on Thursday, AnalystRatings.com reports.

Other equities analysts have also issued research reports about the company. Piper Jaffray Companies set a $30.00 target price on Under Armour and gave the stock a buy rating in a research report on Monday, June 24th. Sanford C. Bernstein raised Under Armour from an underperform rating to a market perform rating in a research report on Tuesday, September 3rd. Stifel Nicolaus set a $30.00 target price on Under Armour and gave the stock a buy rating in a research report on Friday, July 19th. Pivotal Research reissued a hold rating and issued a $25.00 target price on shares of Under Armour in a research report on Wednesday, July 24th. Finally, ValuEngine raised Under Armour from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $22.91.

Shares of UA traded up $0.40 during trading hours on Thursday, hitting $18.25. The company had a trading volume of 152,598 shares, compared to its average volume of 1,609,886. The firm has a fifty day moving average price of $17.67 and a 200-day moving average price of $20.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.11 and a current ratio of 1.83. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 49.57 and a beta of 1.05. Under Armour has a 52-week low of $15.05 and a 52-week high of $24.55.



Under Armour (NYSE:UA) last posted its quarterly earnings results on Tuesday, July 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). Under Armour had a return on equity of 7.83% and a net margin of 1.62%. The firm had revenue of $1.19 billion during the quarter.

In other Under Armour news, insider Kevin Eskridge sold 56,500 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $17.69, for a total transaction of $999,485.00. Following the completion of the sale, the insider now directly owns 196,374 shares in the company, valued at approximately $3,473,856.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 15.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in UA. Vanguard Group Inc. grew its stake in shares of Under Armour by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 20,520,471 shares of the company’s stock valued at $455,554,000 after acquiring an additional 666,112 shares during the period. BlackRock Inc. grew its stake in shares of Under Armour by 2.0% during the 2nd quarter. BlackRock Inc. now owns 12,138,606 shares of the company’s stock valued at $269,478,000 after acquiring an additional 242,747 shares during the period. Wells Fargo & Company MN grew its stake in shares of Under Armour by 699.3% during the 2nd quarter. Wells Fargo & Company MN now owns 3,068,536 shares of the company’s stock valued at $68,123,000 after acquiring an additional 2,684,657 shares during the period. Victory Capital Management Inc. grew its stake in shares of Under Armour by 34.3% during the 2nd quarter. Victory Capital Management Inc. now owns 2,216,749 shares of the company’s stock valued at $49,212,000 after acquiring an additional 566,359 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Under Armour by 2.9% during the 2nd quarter. Northern Trust Corp now owns 2,187,908 shares of the company’s stock valued at $48,572,000 after acquiring an additional 60,844 shares during the period. Institutional investors and hedge funds own 33.30% of the company’s stock.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

Further Reading: Understanding the Price to Earnings Ratio (PE)

Analyst Recommendations for Under Armour (NYSE:UA)

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