Under Armour Inc (UAA) Sees Significant Growth in Short Interest

Under Armour Inc (NYSE:UAA) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 62,383,303 shares, an increase of 15.9% from the February 28th total of 53,842,019 shares. Based on an average daily volume of 6,688,007 shares, the short-interest ratio is presently 9.3 days. Currently, 34.0% of the company’s shares are sold short.

Shares of UAA stock opened at $16.35 on Monday. The company has a market cap of $7,229.50, a P/E ratio of 86.05, a price-to-earnings-growth ratio of 4.61 and a beta of -0.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 2.20. Under Armour has a 52-week low of $11.40 and a 52-week high of $23.46.

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Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th. DA Davidson raised their price objective on shares of Under Armour from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. ValuEngine downgraded shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Buckingham Research assumed coverage on shares of Under Armour in a research note on Friday, January 5th. They issued a “neutral” rating and a $17.00 price objective for the company. Finally, Vetr downgraded shares of Under Armour from a “sell” rating to a “strong sell” rating and set a $13.90 price objective for the company. in a research note on Wednesday, January 3rd. Eighteen equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $14.92.

In other Under Armour news, insider Kerry D. Chandler sold 2,534 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $16.79, for a total value of $42,545.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.40% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Under Armour by 1.3% during the fourth quarter. BlackRock Inc. now owns 11,568,717 shares of the company’s stock valued at $166,937,000 after buying an additional 147,753 shares during the period. Bamco Inc. NY increased its holdings in Under Armour by 10.8% during the third quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock valued at $126,978,000 after buying an additional 750,325 shares during the period. Hexavest Inc. purchased a new position in Under Armour during the fourth quarter valued at approximately $39,368,000. Disciplined Growth Investors Inc. MN purchased a new position in Under Armour during the third quarter valued at approximately $39,964,000. Finally, Bank of New York Mellon Corp increased its holdings in Under Armour by 6.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,919,045 shares of the company’s stock valued at $27,693,000 after buying an additional 123,863 shares during the period. 33.67% of the stock is currently owned by institutional investors.

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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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