Under Armour, Inc. (NYSE:UAA) Given Consensus Rating of “Buy” by Analysts

Under Armour, Inc. (NYSE:UAA – Get Rating) has earned an average rating of “Buy” from the thirty-one research firms that are covering the company, MarketBeat reports. Twelve analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $25.92.

A number of analysts have recently weighed in on the stock. Argus raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Thursday, February 24th. Cowen reduced their target price on shares of Under Armour from $30.00 to $28.00 in a report on Monday, February 14th. BTIG Research raised Under Armour from a “sell” rating to a “neutral” rating in a report on Friday, February 25th. Wells Fargo & Company reduced their price objective on Under Armour from $30.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, April 5th. Finally, StockNews.com started coverage on Under Armour in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of UAA stock opened at $15.33 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.74 and a current ratio of 2.30. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 19.91 and a beta of 1.25. Under Armour has a one year low of $13.70 and a one year high of $27.28. The company’s 50-day simple moving average is $16.34 and its 200-day simple moving average is $19.60.

Under Armour (NYSE:UAA – Get Rating) last issued its earnings results on Friday, February 11th. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.08. Under Armour had a return on equity of 20.66% and a net margin of 6.34%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm posted $0.12 earnings per share. Under Armour’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, research analysts forecast that Under Armour will post 0.8 EPS for the current year.

Under Armour announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 23rd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Several institutional investors have recently added to or reduced their stakes in the company. KBC Group NV increased its stake in Under Armour by 3.3% in the 3rd quarter. KBC Group NV now owns 13,295 shares of the company’s stock valued at $268,000 after buying an additional 427 shares during the last quarter. US Bancorp DE grew its position in shares of Under Armour by 31.0% in the 3rd quarter. US Bancorp DE now owns 1,948 shares of the company’s stock valued at $39,000 after acquiring an additional 461 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Under Armour by 44.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,753 shares of the company’s stock valued at $37,000 after purchasing an additional 537 shares during the period. Buckley Wealth Management LLC lifted its stake in Under Armour by 1.7% in the 3rd quarter. Buckley Wealth Management LLC now owns 37,985 shares of the company’s stock valued at $767,000 after purchasing an additional 620 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its position in shares of Under Armour by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 199,707 shares of the company’s stock valued at $4,232,000 after buying an additional 632 shares during the last quarter. Institutional investors own 38.72% of the company’s stock.

Under Armour Company Profile (Get Rating)

Under Armour, Inc, together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

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