A share of Under Armour Inc. (NYSE:UA) closed at $7.07 per share on Wednesday, down from $7.24 day before. While Under Armour Inc. has underperformed by -2.35%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, UA fell by -60.81%, with highs and lows ranging from $23.00 to $7.18, whereas the simple moving average fell by -43.21% 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 decrease in sales is -0.20%, showing a negative trend in the upcoming months.
For any stock, average volume can be an extremely valuable indicator of volatility, and UA is registering an average volume of 3.94M. On a monthly basis, the volatility of the stock is set at 3.92%, whereas on a weekly basis, it is put at 4.36%, with a loss of -8.18% over the past seven days.
How Do You Analyze Under Armour Inc. Shares?
A giant in the Apparel Manufacturing market, Under Armour Inc. (UA) is 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 15.71, there is a growth in quarterly earnings of -87.00%.
Besides checking the fundamentals, you should also know how many employees own shares in 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 14.90%. 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 71.41% 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 1.65% in the first quarter. The company now owns 23,616,345 shares of the stock, with a value of $179.25 million, following the purchase of 382,482 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in UA during the first quarter, upping its stake by 61.32%. During the last quarter, the company dropped down 5,859,414 additional shares for a total stake of worth $117.0 million, bringing number of shares owned by the company to 15,414,688.
During the first quarter, Adage Capital Management LP subtracted a -6,129,190 position in UA. Dorsal Capital Management LLC purchased an additional 2.5 million shares in the last quarter, increasing its holdings by 25.00%, now holding 12.5 million shares worth $94.88 million. At the end of the first quarter, Wellington Management Co. LLP decreased its UA holdings by -65.44% and now holds 6.8 million UA shares valued at $51.58 million with the lessened -12.87 million shares during the period. UA shares are owned by institutional investors to the tune of 71.41% at present.