Under Armour (UAA) Price Target Lowered to $15.00 at Citigroup

Under Armour (NYSE:UAA) had its price objective lowered by investment analysts at Citigroup from $16.00 to $15.00 in a research report issued on Monday. The firm presently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 9.33% from the company’s current price.

Several other research firms also recently commented on UAA. Zacks Investment Research downgraded Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Piper Jaffray Companies decreased their price objective on Under Armour from $17.00 to $14.00 and set an “average” rating on the stock in a research note on Wednesday, October 11th. Buckingham Research began coverage on Under Armour in a research note on Friday, January 5th. They issued a “neutral” rating and a $17.00 price objective on the stock. Canaccord Genuity reaffirmed a “hold” rating and issued a $15.00 price objective (down previously from $18.00) on shares of Under Armour in a research note on Thursday, October 12th. Finally, JPMorgan Chase & Co. downgraded Under Armour from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $13.00 to $10.00 in a research note on Tuesday, October 31st. Eighteen analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $14.50.

Under Armour (NYSE:UAA) traded up $0.07 during midday trading on Monday, hitting $13.72. The stock had a trading volume of 731,797 shares, compared to its average volume of 6,064,811. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16. Under Armour has a 1 year low of $11.40 and a 1 year high of $23.46. The company has a market capitalization of $6,029.16, a P/E ratio of 44.06, a P/E/G ratio of 3.50 and a beta of -0.23.

Institutional investors and hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. bought a new stake in Under Armour in the 2nd quarter worth approximately $118,000. WFG Advisors LP bought a new stake in Under Armour in the 2nd quarter worth approximately $132,000. Nordea Investment Management AB bought a new stake in Under Armour in the 2nd quarter worth approximately $156,000. IFG Advisory LLC bought a new stake in Under Armour in the 4th quarter worth approximately $165,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Under Armour in the 4th quarter worth approximately $138,000. 31.91% of the stock is currently owned by 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.

Analyst Recommendations for Under Armour (NYSE:UAA)

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