Under Armour (NYSE:UAA) Lifted to Buy at William Blair

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

Several other equities research analysts have also recently issued reports on the stock. Telsey Advisory Group lifted their target price on shares of Under Armour from $11.00 to $12.00 and gave the stock a “market perform” rating in a research note on Monday, February 6th. Morgan Stanley lifted their target price on shares of Under Armour from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 9th. Redburn Partners assumed coverage on shares of Under Armour in a research note on Thursday. They set a “buy” rating and a $13.50 target price on the stock. Stifel Nicolaus raised shares of Under Armour from a “hold” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $12.00 in a research note on Monday, December 12th. Finally, Williams Trading raised shares of Under Armour from a “hold” rating to a “buy” rating in a research note on Thursday. Fifteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.48.

Under Armour Price Performance

Shares of NYSE UAA opened at $8.63 on Thursday. The firm has a market cap of $3.83 billion, a PE ratio of 24.66, a PEG ratio of 7.65 and a beta of 1.62. The firm has a fifty day moving average of $10.69 and a 200 day moving average of $9.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.26 and a current ratio of 2.07. Under Armour has a one year low of $6.38 and a one year high of $18.17.

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

Insiders Place Their Bets

In other Under Armour news, insider Tchernavia Rocker sold 69,823 shares of the business’s 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 sale, the insider now directly owns 260,291 shares in the company, valued at $2,425,912.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 16.40% of the company’s stock.

Institutional Trading of Under Armour

A number of institutional investors and hedge funds have recently bought and sold shares of UAA. Arrowstreet Capital Limited Partnership increased its stake in Under Armour by 141.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,084,024 shares of the company’s stock worth $61,814,000 after purchasing an additional 3,565,281 shares during the period. Renaissance Technologies LLC increased its stake in shares of Under Armour by 95.0% during the second quarter. Renaissance Technologies LLC now owns 6,587,905 shares of the company’s stock worth $54,877,000 after buying an additional 3,209,500 shares during the period. State Street Corp increased its stake in shares of Under Armour by 29.7% during the third quarter. State Street Corp now owns 9,284,969 shares of the company’s stock worth $61,745,000 after buying an additional 2,128,406 shares during the period. Neuberger Berman Group LLC purchased a new stake in shares of Under Armour during the first quarter worth approximately $29,478,000. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Under Armour during the fourth quarter worth approximately $17,169,000. 33.04% of the stock is currently owned by hedge funds and other 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.