Under Armour (NYSE:UAA) Price Target Cut to $8.00

Under Armour (NYSE:UAA) had its price objective decreased by research analysts at Telsey Advisory Group from $9.00 to $8.00 in a report issued on Friday, Marketbeat.com reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s price target suggests a potential upside of 17.82% from the stock’s previous close.

A number of other equities research analysts have also recently commented on UAA. Williams Trading reiterated a “hold” rating and issued a $8.00 price target on shares of Under Armour in a research note on Thursday, March 14th. Evercore ISI reiterated an “underperform” rating and issued a $7.00 target price (down from $8.00) on shares of Under Armour in a research note on Thursday, March 14th. Wells Fargo & Company dropped their target price on shares of Under Armour from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 25th. TheStreet raised shares of Under Armour from a “d+” rating to a “c-” rating in a report on Thursday, February 8th. Finally, Citigroup dropped their price objective on shares of Under Armour from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.95.

Under Armour Stock Performance

Shares of UAA stock opened at $6.79 on Friday. The company’s 50 day moving average is $7.19 and its 200 day moving average is $7.72. The company has a quick ratio of 1.38, a current ratio of 2.13 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 1.15 and a beta of 1.63. Under Armour has a 52-week low of $6.29 and a 52-week high of $9.50.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.11 by $0.08. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. Under Armour’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. On average, sell-side analysts anticipate that Under Armour will post 0.52 EPS for the current fiscal year.

Institutional Trading of Under Armour

A number of hedge funds have recently modified their holdings of UAA. Charles Schwab Investment Management Inc. lifted its holdings in Under Armour by 65.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,943,745 shares of the company’s stock valued at $27,015,000 after acquiring an additional 1,555,856 shares during the period. Vanguard Group Inc. increased its holdings in Under Armour by 7.5% in the third quarter. Vanguard Group Inc. now owns 18,196,402 shares of the company’s stock valued at $124,645,000 after buying an additional 1,269,037 shares in the last quarter. OPTIMAS CAPITAL Ltd acquired a new position in shares of Under Armour in the fourth quarter worth about $3,158,000. Trexquant Investment LP boosted its stake in shares of Under Armour by 289.9% during the 3rd quarter. Trexquant Investment LP now owns 1,229,130 shares of the company’s stock worth $8,420,000 after acquiring an additional 913,876 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Under Armour by 79.8% during the 4th quarter. Pacer Advisors Inc. now owns 28,378 shares of the company’s stock valued at $249,000 after acquiring an additional 12,592 shares during the period. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.