Shares of Under Armour Inc (NYSE:UAA) fell 0% during mid-day trading on Friday . The company traded as low as $17.36 and last traded at $17.36. 13,760,000 shares changed hands during trading, an increase of 65% from the average session volume of 8,320,000 shares. The stock had previously closed at $17.36.
A number of brokerages have recently issued reports on UAA. Wells Fargo & Co decreased their target price on Under Armour to $11.00 and set an “underperform” rating for the company in a report on Tuesday, October 31st. Credit Suisse Group boosted their target price on Under Armour from $12.02 to $12.25 and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Buckingham Research began coverage on Under Armour in a report on Friday, January 5th. They set a “neutral” rating and a $17.00 target price for the company. Vetr cut Under Armour from a “sell” rating to a “strong sell” rating and set a $12.00 target price for the company. in a report on Monday, December 11th. Finally, Macquarie cut Under Armour from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $10.00 to $8.00 in a report on Tuesday, January 16th. Nineteen investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Under Armour presently has a consensus rating of “Hold” and a consensus target price of $14.71.
The company has a market capitalization of $7,667.86, a PE ratio of -144.65, a PEG ratio of 4.69 and a beta of -0.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.16 and a current ratio of 2.20.
Institutional investors and hedge funds have recently made changes to their positions in the business. Delpha Capital Management LLC acquired a new position in shares of Under Armour in the 4th quarter valued at approximately $110,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Under Armour by 248.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,700 shares of the company’s stock valued at $126,000 after purchasing an additional 6,200 shares in the last quarter. Vantage Investment Advisors LLC raised its position in shares of Under Armour by 240.0% in the 4th quarter. Vantage Investment Advisors LLC now owns 10,092 shares of the company’s stock valued at $128,000 after purchasing an additional 7,124 shares in the last quarter. Calton & Associates Inc. acquired a new position in shares of Under Armour in the 4th quarter valued at approximately $131,000. Finally, WFG Advisors LP acquired a new position in shares of Under Armour in the 2nd quarter valued at approximately $132,000. 31.93% of the stock is currently owned by institutional investors.
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Under Armour Company Profile
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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