Under Armour (UAA) Stock Price Up 5.5%
Under Armour Inc (NYSE:UAA) rose 5.5% during mid-day trading on Friday . The company traded as high as $17.06 and last traded at $17.02. Approximately 11,580,040 shares changed hands during mid-day trading, an increase of 47% from the average daily volume of 7,890,189 shares. The stock had previously closed at $16.14.
UAA has been the topic of a number of analyst reports. Stifel Nicolaus raised Under Armour from a “hold” rating to a “buy” rating and increased their price target for the company from $12.00 to $17.00 in a research report on Friday, December 15th. Vetr lowered Under Armour from a “strong-buy” rating to a “buy” rating and set a $17.98 price target on the stock. in a research report on Wednesday, February 14th. Zacks Investment Research raised Under Armour from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Pivotal Research increased their price target on Under Armour from $14.00 to $16.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. Finally, Telsey Advisory Group increased their price target on Under Armour from $13.00 to $15.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Nineteen research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.69.
The stock has a market capitalization of $7,517.68, a P/E ratio of -141.82, a PEG ratio of 4.39 and a beta of -0.23. The company has a quick ratio of 1.11, a current ratio of 2.20 and a debt-to-equity ratio of 0.38.
A number of large investors have recently added to or reduced their stakes in UAA. Dimensional Fund Advisors LP purchased a new position in Under Armour during the 2nd quarter worth approximately $8,625,000. Public Employees Retirement System of Ohio purchased a new position in Under Armour during the 2nd quarter worth approximately $1,870,000. Mutual of America Capital Management LLC grew its stake in Under Armour by 31.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 28,893 shares of the company’s stock worth $476,000 after buying an additional 6,829 shares during the last quarter. Nationwide Fund Advisors grew its stake in Under Armour by 6.8% during the 3rd quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock worth $864,000 after buying an additional 3,338 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Under Armour in the 3rd quarter valued at approximately $196,000. Hedge funds and other institutional investors own 33.32% of the company’s stock.
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About Under Armour
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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