Under Armour (NYSE:UAA) was the target of a significant increase in short interest in the month of March. As of March 29th, there was short interest totalling 67,660,377 shares, an increase of 8.5% from the March 15th total of 62,383,303 shares. Based on an average daily volume of 5,298,844 shares, the short-interest ratio is currently 12.8 days. Approximately 36.7% of the shares of the company are short sold.

Under Armour stock opened at $16.45 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $7,291.40, a price-to-earnings ratio of 86.58, a price-to-earnings-growth ratio of 4.65 and a beta of -0.23. Under Armour has a 52 week low of $11.40 and a 52 week high of $23.46.

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In other news, insider Kerry D. Chandler sold 2,534 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $16.79, for a total transaction of $42,545.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. IFG Advisory LLC acquired a new position in Under Armour in the fourth quarter worth $165,000. Delpha Capital Management LLC acquired a new position in Under Armour in the fourth quarter worth $110,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Under Armour by 248.0% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,700 shares of the company’s stock worth $126,000 after purchasing an additional 6,200 shares in the last quarter. Calton & Associates Inc. acquired a new position in Under Armour in the fourth quarter worth $131,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Under Armour in the fourth quarter worth $138,000. 33.71% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on the company. DA Davidson boosted their price objective on Under Armour from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. ValuEngine cut Under Armour from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Buckingham Research assumed coverage on Under Armour in a research report on Friday, January 5th. They set a “neutral” rating and a $17.00 price objective on the stock. Vetr cut Under Armour from a “sell” rating to a “strong sell” rating and set a $13.90 price objective on the stock. in a research report on Wednesday, January 3rd. Finally, Pivotal Research boosted their price objective on Under Armour from $14.00 to $16.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. Seventeen analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Under Armour currently has a consensus rating of “Hold” and an average price target of $14.96.

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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, cold, and in between the extremes.

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