Under Armour (NYSE:UAA) was the recipient of a large growth in short interest in March. As of March 29th, there was short interest totalling 67,660,377 shares, a growth of 8.5% from the March 15th total of 62,383,303 shares. Currently, 36.7% of the company’s shares are short sold. Based on an average daily volume of 5,298,844 shares, the days-to-cover ratio is currently 12.8 days.
UAA has been the topic of a number of analyst reports. Zacks Investment Research cut Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Vetr raised Under Armour from a “strong sell” rating to a “sell” rating and set a $13.90 price target on the stock in a research note on Thursday, December 28th. ValuEngine cut Under Armour from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Buckingham Research initiated coverage on Under Armour in a research note on Friday, January 5th. They issued a “neutral” rating and a $17.00 price target on the stock. Finally, UBS cut Under Armour to a “neutral” rating in a research note on Tuesday, January 9th. Seventeen investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $14.96.
Shares of Under Armour stock opened at $16.45 on Tuesday. The stock has a market cap of $7,291.40, a PE ratio of 86.58, a PEG ratio of 4.65 and a beta of -0.23. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 1.11. Under Armour has a 52-week low of $11.40 and a 52-week high of $23.46.
Institutional investors have recently made changes to their positions in the company. IFG Advisory LLC acquired a new stake in Under Armour in the 4th quarter worth approximately $165,000. Delpha Capital Management LLC acquired a new stake in Under Armour in the 4th quarter worth approximately $110,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in Under Armour by 248.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,700 shares of the company’s stock worth $126,000 after purchasing an additional 6,200 shares during the last quarter. Calton & Associates Inc. acquired a new stake in Under Armour in the 4th quarter worth approximately $131,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Under Armour in the 4th quarter worth approximately $138,000. Institutional investors and hedge funds own 33.71% of the company’s stock.
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Under Armour Company Profile
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.
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