Under Armour (NYSE:UAA) Stock Price Up 5.9%

Under Armour, Inc. (NYSE:UAA)’s share price was up 5.9% on Monday . The company traded as high as $6.82 and last traded at $6.78. Approximately 8,510,249 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 7,976,403 shares. The stock had previously closed at $6.40.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. William Blair lowered Under Armour from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 16th. Barclays reduced their price target on Under Armour from $9.00 to $6.00 and set an “equal weight” rating for the company in a report on Monday, May 20th. Citigroup dropped their price target on Under Armour from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Wells Fargo & Company lowered their target price on Under Armour from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Friday, May 17th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $8.00 price target on shares of Under Armour in a research note on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.32.

Under Armour Stock Up 1.5 %

The company has a current ratio of 2.46, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average price is $6.80 and its 200 day moving average price is $7.40. The stock has a market cap of $3.01 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 3.45 and a beta of 1.67.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Under Armour had a net margin of 4.19% and a return on equity of 11.95%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business earned $0.18 EPS. Under Armour’s revenue was down 4.7% compared to the same quarter last year. As a group, research analysts forecast that Under Armour, Inc. will post 0.2 earnings per share for the current fiscal year.

Under Armour announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 16.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of UAA. GSA Capital Partners LLP increased its holdings in shares of Under Armour by 163.4% in the 3rd quarter. GSA Capital Partners LLP now owns 129,325 shares of the company’s stock valued at $886,000 after acquiring an additional 80,218 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in shares of Under Armour during the third quarter worth about $199,000. Neo Ivy Capital Management acquired a new position in shares of Under Armour in the third quarter worth about $211,000. Teachers Retirement System of The State of Kentucky increased its holdings in Under Armour by 88.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 66,240 shares of the company’s stock valued at $454,000 after buying an additional 31,093 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Under Armour by 7.5% during the third quarter. Vanguard Group Inc. now owns 18,196,402 shares of the company’s stock valued at $124,645,000 after purchasing an additional 1,269,037 shares during the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.