Under Armour Inc. (UA) Given Underweight Rating at Morgan Stanley

Morgan Stanley reissued their underweight rating on shares of Under Armour Inc. (NYSE:UA) in a research report released on Tuesday. Morgan Stanley currently has a $31.00 price target on the apparel retailer’s stock.

Several other analysts have also issued reports on the stock. Vetr upgraded shares of Under Armour from a buy rating to a strong-buy rating and set a $42.22 price target for the company in a research report on Monday. Barclays PLC restated an overweight rating and set a $55.00 price target on shares of Under Armour in a research report on Saturday. Piper Jaffray Cos. upgraded shares of Under Armour from a neutral rating to an overweight rating and upped their price target for the company from $40.00 to $44.00 in a research report on Thursday, October 13th. Wells Fargo & Co. upgraded shares of Under Armour from a market perform rating to an outperform rating and upped their price target for the company from $40.00 to $45.00 in a research report on Wednesday, October 12th. Finally, Guggenheim assumed coverage on shares of Under Armour in a research report on Friday, September 30th. They set a buy rating and a $38.60 price target for the company. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $54.60.

Analyst Recommendations for Under Armour (NYSE:UA)

Under Armour (NYSE:UA) traded up 1.64% during midday trading on Tuesday, hitting $38.93. The company had a trading volume of 1,057,530 shares. Under Armour has a 52 week low of $31.61 and a 52 week high of $50.37. The firm has a market capitalization of $17.02 billion, a P/E ratio of 100.34 and a beta of 0.39. The firm’s 50 day moving average is $38.82 and its 200-day moving average is $39.98.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Tuesday, July 26th. The apparel retailer reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. Under Armour had a net margin of 5.24% and a return on equity of 13.79%. The business had revenue of $1 million for the quarter, compared to analysts’ expectations of $995.14 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The business’s quarterly revenue was up 27.7% on a year-over-year basis. On average, equities research analysts expect that Under Armour will post $0.58 EPS for the current fiscal year.

In other news, insider Matthew C. Mirchin sold 16,015 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $42.92, for a total value of $687,363.80. Following the sale, the insider now directly owns 29,869 shares in the company, valued at approximately $1,281,977.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Byron K. Adams, Jr. sold 34,726 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $40.00, for a total transaction of $1,389,040.00. Following the completion of the sale, the director now owns 46,293 shares in the company, valued at $1,851,720. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. HL Financial Services LLC increased its stake in Under Armour by 2.1% in the second quarter. HL Financial Services LLC now owns 5,213 shares of the apparel retailer’s stock worth $209,000 after buying an additional 105 shares during the period. HighPoint Advisor Group LLC boosted its position in Under Armour by 1.0% in the second quarter. HighPoint Advisor Group LLC now owns 18,746 shares of the apparel retailer’s stock worth $737,000 after buying an additional 194 shares in the last quarter. Mariner Wealth Advisors LLC boosted its position in Under Armour by 8.6% in the first quarter. Mariner Wealth Advisors LLC now owns 3,018 shares of the apparel retailer’s stock worth $256,000 after buying an additional 240 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Under Armour by 1.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,570 shares of the apparel retailer’s stock worth $946,000 after buying an additional 376 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Under Armour by 1.0% in the first quarter. Arizona State Retirement System now owns 49,300 shares of the apparel retailer’s stock worth $4,182,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 36.57% of the company’s stock.

About Under Armour

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

5 Day Chart for NYSE:UA

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