Under Armour Inc (NYSE:UAA) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 53,842,019 shares, a drop of 7.8% from the February 15th total of 58,395,812 shares. Based on an average daily trading volume, of 6,151,169 shares, the days-to-cover ratio is currently 8.8 days.
Shares of Under Armour (NYSE UAA) opened at $16.19 on Friday. Under Armour has a 12-month low of $11.40 and a 12-month high of $23.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 2.20. The stock has a market cap of $6,640.00, a P/E ratio of -809.50, a PEG ratio of 4.15 and a beta of -0.24.
UAA has been the topic of a number of research reports. Stifel Nicolaus raised Under Armour from a “hold” rating to a “buy” rating and raised their price target for the stock from $12.00 to $17.00 in a report on Friday, December 15th. ValuEngine lowered Under Armour from a “hold” rating to a “sell” rating in a report on Tuesday. Vetr lowered 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. Credit Suisse Group initiated coverage on Under Armour in a report on Monday, March 12th. They set a “neutral” rating and a $18.00 price target on the stock. Finally, DA Davidson raised their price target on Under Armour from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Eighteen analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $14.92.
In related news, insider Kerry D. Chandler sold 2,534 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $16.79, for a total transaction of $42,545.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 16.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Under Armour by 1.3% during the 4th quarter. BlackRock Inc. now owns 11,568,717 shares of the company’s stock valued at $166,937,000 after acquiring an additional 147,753 shares during the period. Bamco Inc. NY raised its position in shares of Under Armour by 10.8% during the 3rd 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. acquired a new position in shares of Under Armour during the 4th quarter worth approximately $39,368,000. Disciplined Growth Investors Inc. MN acquired a new position in shares of Under Armour during the 3rd quarter worth approximately $39,964,000. Finally, Bank of New York Mellon Corp raised its position in shares of Under Armour by 6.9% during the 4th 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. Institutional investors own 33.76% of the company’s stock.
Under Armour Company Profile
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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