As of Thursday, Under Armour Inc.’s (NYSE:UA) stock closed at $8.35, down from $8.46 the previous day. While Under Armour Inc. has underperformed by -1.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, UA fell by -59.29%, with highs and lows ranging from $23.00 to $7.22, whereas the simple moving average fell by -42.32% in the last 200 days.
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On February 27, 2017, Instinet Downgraded Under Armour Inc. (NYSE: UA) to Reduce. A report published by Morgan Stanley on February 14, 2017, Upgraded its rating to ‘Equal-Weight’ for UA. Stifel also reiterated UA shares as ‘Hold’, quoting a target price of $28 on the company’s shares in a report dated November 28, 2016. Telsey Advisory Group October 26, 2016d the rating to Market Perform on October 26, 2016, and set its price target from $49 to $35. Mizuho October 26, 2016d its ‘Buy’ rating to ‘Neutral’ for UA, as published in its report on October 26, 2016. Deutsche Bank’s report from October 26, 2016 suggests a price prediction of $32 for UA shares, giving the stock a ‘Hold’ rating. Piper Jaffray also rated the stock as ‘Overweight’.
Analysis of Under Armour Inc. (UA)
Further, the quarter-over-quarter increase in sales is 8.90%, showing a positive trend in the upcoming months.
For any stock, average volume can also provide valuable insight into volatility, and UA is recording 6.14M average volume. On a monthly basis, the volatility of the stock is set at 3.87%, whereas on a weekly basis, it is put at 3.90%, with a gain of 3.34% over the past seven days. Furthermore, long-term investors anticipate a median target price of $26.20, showing growth from the present price of $8.35, which can serve as yet another indication of whether UA is worth investing in or should be passed over.
How Do You Analyze Under Armour Inc. Shares?
The Apparel Manufacturing market is dominated by Under Armour Inc. (UA) based in the USA. When comparing Under Armour Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 8.84, there is a growth in quarterly earnings of -40.60%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.65%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 67.63% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in UA shares?
The recent increase in stakes in UA appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in UA has increased by 1.31% in the first quarter. The company now owns 23,294,008 shares of the stock, with a value of $176.57 million, following the purchase of 300,815 additional shares during the last quarter. Wellington Management Co. LLP made another decreased to its shares in UA during the first quarter, downing its stake by -6.81%. During the last quarter, the company dropped down -1,437,337 additional shares for a total stake of worth $149.03 million, bringing number of shares owned by the company to 19,660,850.
During the first quarter, Adage Capital Management LP subtracted a -845,935 position in UA. Janus Henderson Investors US LLC purchased an additional 0.54 million shares in the last quarter, increasing its holdings by 5.00%, now holding 11.41 million shares worth $86.51 million. UA shares are owned by institutional investors to the tune of 67.63% at present.