Shares of Under Armour, Inc. (NYSE:UAA – Get Rating) have received an average recommendation of “Hold” from the twenty-nine research firms that are currently covering the company, MarketBeat Ratings reports. Fourteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $20.09.
A number of research analysts have weighed in on UAA shares. B. Riley reduced their price target on shares of Under Armour from $18.00 to $11.00 in a research report on Monday, May 9th. Cowen lowered shares of Under Armour from an “outperform” rating to a “market perform” rating and set a $10.00 price target for the company. in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Under Armour from $35.00 to $21.00 in a report on Monday, May 9th. Williams Capital downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, May 19th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Under Armour from $28.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, March 9th.
Under Armour stock opened at $8.93 on Thursday. Under Armour has a 12-month low of $8.73 and a 12-month high of $27.28. The stock has a market capitalization of $4.25 billion, a P/E ratio of 19.00 and a beta of 1.27. The firm’s 50-day moving average is $11.91 and its two-hundred day moving average is $16.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.30 and a quick ratio of 1.74.
Under Armour announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 23rd that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to buy up to 6.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
In other news, Director David W. Gibbs purchased 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The shares were acquired at an average price of $9.60 per share, for a total transaction of $240,000.00. Following the completion of the acquisition, the director now directly owns 50,000 shares in the company, valued at $480,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 16.40% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of UAA. Washington Trust Advisors Inc. raised its position in shares of Under Armour by 102.5% during the first quarter. Washington Trust Advisors Inc. now owns 1,472 shares of the company’s stock worth $25,000 after purchasing an additional 745 shares during the period. FNY Investment Advisers LLC acquired a new stake in Under Armour in the 4th quarter valued at approximately $27,000. CWM LLC acquired a new stake in Under Armour in the 4th quarter valued at approximately $35,000. Daiwa Securities Group Inc. raised its position in 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 buying an additional 537 shares during the last quarter. Finally, Cornerstone Advisory LLC acquired a new stake in Under Armour in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 38.72% of the company’s stock.
About Under Armour (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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