Investors purchased shares of Under Armour Inc (NYSE:UAA) on weakness during trading hours on Wednesday. $40.73 million flowed into the stock on the tick-up and $12.68 million flowed out of the stock on the tick-down, for a money net flow of $28.05 million into the stock. Of all equities tracked, Under Armour had the 26th highest net in-flow for the day. Under Armour traded down ($0.48) for the day and closed at $16.08
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Credit Suisse Group assumed coverage on shares of Under Armour in a report on Monday. They issued a “neutral” rating and a $18.00 price target on the stock. Vetr downgraded shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $17.98 price target on the stock. in a report on Wednesday, February 14th. Stifel Nicolaus increased their price target on shares of Under Armour from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, Pivotal Research increased their price target on shares of Under Armour from $14.00 to $16.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Eighteen research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $14.89.
The stock has a market cap of $6,680.00, a P/E ratio of -804.00, a P/E/G ratio of 4.43 and a beta of -0.24. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 1.11.
In other Under Armour news, insider Kerry D. Chandler sold 2,534 shares of Under Armour stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $16.79, for a total transaction of $42,545.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 16.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of UAA. BlackRock Inc. grew its holdings in shares of Under Armour by 1.3% in the fourth quarter. BlackRock Inc. now owns 11,568,717 shares of the company’s stock worth $166,937,000 after purchasing an additional 147,753 shares during the last quarter. Bamco Inc. NY grew its holdings in shares of Under Armour by 10.8% in the third quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock worth $126,978,000 after purchasing an additional 750,325 shares during the last quarter. Hexavest Inc. bought a new position in shares of Under Armour in the fourth quarter worth approximately $39,368,000. Disciplined Growth Investors Inc. MN bought a new position in shares of Under Armour in the third quarter worth approximately $39,964,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Under Armour by 6.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,919,045 shares of the company’s stock worth $27,693,000 after purchasing an additional 123,863 shares during the last quarter. 33.76% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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