Under Armour (NYSE:UAA) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, ValuEngine reports.

Several other research analysts have also recently weighed in on UAA. B. Riley reaffirmed a “sell” rating and issued a $12.00 price target on shares of Under Armour in a report on Tuesday, February 5th. Pivotal Research reaffirmed a “hold” rating and issued a $22.00 price target (down previously from $24.00) on shares of Under Armour in a report on Thursday, February 7th. Credit Suisse Group reissued a “neutral” rating and issued a $26.00 target price on shares of Under Armour in a research note on Monday, February 11th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $22.00 target price on shares of Under Armour in a research note on Tuesday, February 12th. Finally, UBS Group increased their target price on Under Armour from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, February 13th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Under Armour has an average rating of “Hold” and an average price target of $24.03.

Under Armour stock opened at $24.27 on Thursday. The firm has a market capitalization of $10.58 billion, a PE ratio of 89.89, a PEG ratio of 3.27 and a beta of 0.45. Under Armour has a fifty-two week low of $16.52 and a fifty-two week high of $24.96. The company has a current ratio of 2.02, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Under Armour had a net margin of 0.12% and a return on equity of 7.17%. The company’s revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Under Armour will post 0.35 earnings per share for the current year.

In other news, insider Paul Fipps sold 3,106 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $21.55, for a total transaction of $66,934.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 16.40% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of UAA. Teachers Advisors LLC boosted its holdings in shares of Under Armour by 42.9% during the third quarter. Teachers Advisors LLC now owns 2,527,113 shares of the company’s stock worth $53,625,000 after purchasing an additional 758,709 shares during the period. Vanguard Group Inc lifted its holdings in Under Armour by 0.6% in the third quarter. Vanguard Group Inc now owns 18,886,120 shares of the company’s stock worth $400,763,000 after buying an additional 120,978 shares during the period. DNB Asset Management AS lifted its holdings in Under Armour by 22.3% in the fourth quarter. DNB Asset Management AS now owns 19,222 shares of the company’s stock worth $340,000 after buying an additional 3,500 shares during the period. Simmons Bank lifted its holdings in Under Armour by 4.5% in the fourth quarter. Simmons Bank now owns 34,967 shares of the company’s stock worth $618,000 after buying an additional 1,493 shares during the period. Finally, Frontier Capital Management Co. LLC purchased a new stake in Under Armour in the fourth quarter worth about $25,923,000. Institutional investors own 35.42% of the company’s stock.

Under Armour Company Profile

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.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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