Under Armour (NYSE:UAA) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 53,842,019 shares, a decline of 7.8% from the February 15th total of 58,395,812 shares. Based on an average daily trading volume, of 6,151,169 shares, the short-interest ratio is currently 8.8 days.
In related news, insider Kerry D. Chandler sold 2,534 shares of the company’s stock in a transaction 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 document filed with the SEC, which can be accessed through this hyperlink. 16.40% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Delpha Capital Management LLC acquired a new position in shares of Under Armour in the 4th quarter worth approximately $110,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Under Armour by 248.0% during 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 increased its holdings in Under Armour by 240.0% during 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 stake in Under Armour during the 4th quarter valued at $131,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Under Armour in the 4th quarter valued at $138,000. 33.67% of the stock is owned by institutional investors and hedge funds.
Shares of UAA traded down $0.49 during mid-day trading on Friday, reaching $16.98. The company had a trading volume of 3,742,510 shares, compared to its average volume of 5,711,001. Under Armour has a twelve month low of $11.40 and a twelve month high of $23.46. 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 stock has a market cap of $7,724.73, a PE ratio of 89.37, a PEG ratio of 4.93 and a beta of -0.23.
Several brokerages have weighed in on UAA. Zacks Investment Research lowered Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. DA Davidson upped their target price on Under Armour from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. ValuEngine downgraded Under Armour from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Buckingham Research began coverage on Under Armour in a research note on Friday, January 5th. They set a “neutral” rating and a $17.00 price target for the company. Finally, Vetr downgraded Under Armour from a “sell” rating to a “strong sell” rating and set a $13.90 price target for the company. in a research note on Wednesday, January 3rd. Eighteen analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.92.
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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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