Under Armour (NYSE:UAA) Shares Up 7.8% – Still a Buy?

Under Armour, Inc. (NYSE:UAA) traded up 7.8% during mid-day trading on Tuesday . The stock traded as high as $5.84 and last traded at $5.87. 2,018,045 shares were traded during trading, a decline of 83% from the average session volume of 11,812,232 shares. The stock had previously closed at $5.44.

Wall Street Analyst Weigh In

UAA has been the topic of a number of analyst reports. Barclays decreased their price target on Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. StockNews.com upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. KGI Securities began coverage on shares of Under Armour in a research report on Friday, March 7th. They set a “neutral” rating and a $7.40 price target for the company. Finally, Evercore ISI reduced their target price on Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.12.

Under Armour Stock Up 3.9 %

The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of -19.48 and a beta of 1.49. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average price of $6.57 and a two-hundred day moving average price of $8.08.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the prior year, the company posted $0.19 earnings per share. As a group, sell-side analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Institutional Trading of Under Armour

Several institutional investors have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA acquired a new stake in shares of Under Armour in the fourth quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after buying an additional 1,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Under Armour in the 4th quarter valued at $27,000. SBI Securities Co. Ltd. purchased a new position in shares of Under Armour in the fourth quarter worth approximately $40,000. Finally, Harbour Investments Inc. lifted its holdings in shares of Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 34.58% of the company’s stock.

About Under Armour

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