Under Armour (NYSE:UAA) was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday. They presently have a $13.90 target price on the stock. Vetr‘s price objective would indicate a potential downside of 11.58% from the company’s previous close.

Other equities analysts also recently issued reports about the company. UBS Group decreased their target price on Under Armour from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Zacks Investment Research downgraded Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th. Wedbush reiterated a “neutral” rating and set a $11.00 price objective (down from $17.00) on shares of Under Armour in a research report on Wednesday, November 1st. Canaccord Genuity reiterated a “hold” rating and set a $15.00 price objective (down from $18.00) on shares of Under Armour in a research report on Thursday, October 12th. Finally, Guggenheim downgraded Under Armour from a “buy” rating to a “neutral” rating in a research report on Monday, September 25th. Nineteen equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $16.94.

Shares of Under Armour (UAA) traded up $0.69 during mid-day trading on Wednesday, reaching $15.72. The company’s stock had a trading volume of 6,080,000 shares, compared to its average volume of 5,440,000. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.23. Under Armour has a 12 month low of $11.40 and a 12 month high of $31.06. The firm has a market capitalization of $6,690.00, a P/E ratio of 49.13, a P/E/G ratio of 3.81 and a beta of 0.04.

Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. The firm’s revenue was down 4.5% on a year-over-year basis. analysts anticipate that Under Armour will post 0.2 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in UAA. Baillie Gifford & Co. bought a new stake in Under Armour during the second quarter worth approximately $532,573,000. Vanguard Group Inc. bought a new stake in Under Armour during the second quarter worth approximately $393,172,000. BlackRock Inc. bought a new stake in Under Armour during the second quarter worth approximately $238,861,000. State Street Corp bought a new stake in Under Armour during the second quarter worth approximately $157,325,000. Finally, Bamco Inc. NY bought a new stake in Under Armour during the second quarter worth approximately $151,334,000. 30.98% of the stock is currently owned by hedge funds and other institutional investors.

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About Under Armour

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Under Armour (NYSE:UAA)

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