Under Armour (NYSE:UAA) Now Covered by Analysts at Redburn Partners

Redburn Partners initiated coverage on shares of Under Armour (NYSE:UAA – Get Rating) in a research report report published on Thursday, Marketbeat reports. The brokerage issued a buy rating and a $13.50 price objective on the stock.

UAA has been the subject of a number of other reports. Stifel Nicolaus raised shares of Under Armour from a hold rating to a buy rating and lifted their price objective for the stock from $9.00 to $12.00 in a research report on Monday, December 12th. Wells Fargo & Company reduced their price objective on shares of Under Armour from $20.00 to $14.00 in a research report on Friday, December 23rd. StockNews.com began coverage on Under Armour in a report on Thursday. They set a hold rating for the company. Robert W. Baird lifted their target price on Under Armour from $9.00 to $10.00 and gave the stock a neutral rating in a report on Thursday, December 22nd. Finally, Morgan Stanley lifted their target price on Under Armour from $8.00 to $10.00 and gave the stock an equal weight rating in a report on Thursday, February 9th. Fifteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $11.48.

Under Armour Price Performance

NYSE:UAA opened at $8.63 on Thursday. Under Armour has a 1-year low of $6.38 and a 1-year high of $18.17. The company has a current ratio of 2.07, a quick ratio of 1.26 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $10.69 and a 200 day simple moving average of $9.37. The stock has a market capitalization of $3.83 billion, a PE ratio of 24.66, a P/E/G ratio of 7.41 and a beta of 1.62.

Under Armour (NYSE:UAA – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The company reported $0.16 EPS 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 analysts’ expectations of $1.55 billion. During the same period in the previous year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, research analysts expect 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 stock was sold at an average price of $9.32, for a total transaction of $650,750.36. Following the completion of the transaction, the insider now owns 260,291 shares of the company’s stock, valued at $2,425,912.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 16.40% of the company’s stock.

Institutional Trading of Under Armour

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Under Armour by 5.1% during the first quarter. Vanguard Group Inc. now owns 20,911,825 shares of the company’s stock worth $355,918,000 after purchasing an additional 1,017,211 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Under Armour by 3.1% during the third quarter. BlackRock Inc. now owns 16,901,026 shares of the company’s stock worth $112,390,000 after purchasing an additional 511,664 shares during the last quarter. State Street Corp grew its holdings 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 purchasing an additional 2,128,406 shares during the last quarter. Renaissance Technologies LLC grew its holdings 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 purchasing an additional 3,209,500 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 last quarter. 33.04% of the stock is currently owned by institutional investors.

Under Armour Company Profile

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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.