Under Armour (NYSE:UAA) Stock Rating Upgraded by William Blair

Under Armour (NYSE:UAA – Get Rating) was upgraded by research analysts at William Blair from a “hold” rating to a “buy” rating in a research report issued on Thursday, Benzinga reports. The firm currently has a $11.00 price objective on the stock. William Blair’s price target indicates a potential upside of 27.46% from the company’s previous close.

UAA has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Under Armour from $11.00 to $14.00 in a research report on Monday, February 6th. Telsey Advisory Group increased their price objective on shares of Under Armour from $11.00 to $12.00 and gave the company a “market perform” rating in a research report on Monday, February 6th. Wells Fargo & Company lowered their price objective on shares of Under Armour from $20.00 to $14.00 in a research report on Friday, December 23rd. JPMorgan Chase & Co. lowered shares of Under Armour from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $13.00 to $10.00 in a research report on Monday, March 13th. Finally, Williams Trading upgraded shares of Under Armour from a “hold” rating to a “buy” rating in a research report on Thursday. Fifteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.48.

Under Armour Price Performance

Shares of NYSE:UAA opened at $8.63 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.26 and a current ratio of 2.07. The firm has a fifty day moving average price of $10.69 and a 200 day moving average price of $9.36. Under Armour has a fifty-two week low of $6.38 and a fifty-two week high of $18.17. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 7.65 and a beta of 1.62.

Under Armour (NYSE:UAA – Get Rating) last issued its earnings results on Wednesday, February 8th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. Under Armour had a net margin of 2.70% and a return on equity of 10.02%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. Under Armour’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, sell-side analysts expect that Under Armour will post 0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Under Armour news, insider Tchernavia Rocker sold 69,823 shares of the stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $9.32, for a total transaction of $650,750.36. Following the transaction, the insider now directly owns 260,291 shares in the company, valued at approximately $2,425,912.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC grew its holdings in Under Armour by 104.6% during the 4th quarter. Voya Investment Management LLC now owns 713,912 shares of the company’s stock worth $7,253,000 after acquiring an additional 364,906 shares in the last quarter. Natixis bought a new stake in shares of Under Armour in the 4th quarter valued at about $4,775,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Under Armour by 751.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,783 shares of the company’s stock valued at $374,000 after buying an additional 32,461 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Under Armour by 0.4% in the 4th quarter. Alliancebernstein L.P. now owns 298,009 shares of the company’s stock valued at $3,028,000 after buying an additional 1,084 shares in the last quarter. Finally, State of Wyoming boosted its holdings in shares of Under Armour by 229.8% in the 4th quarter. State of Wyoming now owns 18,753 shares of the company’s stock valued at $191,000 after buying an additional 13,066 shares in the last quarter. 33.04% of the stock is currently owned by institutional investors.

About Under Armour

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Under Armour, Inc engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The Connected Fitness segment offers digital fitness subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal, and Endomondo applications.