Under Armour, Inc. (NYSE:UAA) Given Average Recommendation of “Reduce” by Analysts

Under Armour, Inc. (NYSE:UAAGet Free Report) has earned an average recommendation of “Reduce” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $8.65.

Several analysts have recently weighed in on the company. Evercore ISI reiterated an “underperform” rating and set a $7.00 target price (down from $8.00) on shares of Under Armour in a research report on Thursday, March 14th. BNP Paribas restated a “neutral” rating on shares of Under Armour in a research note on Thursday, March 14th. Williams Trading restated a “hold” rating and set a $8.00 price target on shares of Under Armour in a research note on Thursday, March 14th. TheStreet upgraded Under Armour from a “d+” rating to a “c-” rating in a research note on Thursday, February 8th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $9.00 price target on shares of Under Armour in a research note on Thursday, March 14th.

View Our Latest Analysis on UAA

Under Armour Stock Down 3.1 %

NYSE:UAA opened at $7.08 on Wednesday. Under Armour has a twelve month low of $6.29 and a twelve month high of $9.59. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 1.43 and a beta of 1.65. The stock has a fifty day simple moving average of $7.92 and a 200-day simple moving average of $7.75. The company has a current ratio of 2.13, a quick ratio of 1.38 and a debt-to-equity ratio of 0.27.

Under Armour (NYSE:UAAGet Free Report) last released its earnings results on Thursday, February 8th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.08. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. Analysts anticipate that Under Armour will post 0.52 EPS for the current year.

Institutional Investors Weigh In On Under Armour

A number of institutional investors and hedge funds have recently modified their holdings of UAA. Toroso Investments LLC lifted its holdings in Under Armour by 7.3% in the fourth quarter. Toroso Investments LLC now owns 14,411 shares of the company’s stock valued at $146,000 after acquiring an additional 984 shares during the period. Alliancebernstein L.P. lifted its holdings in Under Armour by 0.4% in the fourth quarter. Alliancebernstein L.P. now owns 298,009 shares of the company’s stock valued at $3,028,000 after acquiring an additional 1,084 shares during the period. Sei Investments Co. lifted its holdings in Under Armour by 10.0% in the third quarter. Sei Investments Co. now owns 15,171 shares of the company’s stock valued at $104,000 after acquiring an additional 1,378 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Under Armour by 2.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 76,028 shares of the company’s stock valued at $722,000 after acquiring an additional 1,761 shares during the period. Finally, FMR LLC raised its stake in shares of Under Armour by 1.0% during the 3rd quarter. FMR LLC now owns 175,094 shares of the company’s stock worth $1,199,000 after buying an additional 1,792 shares during the period. Institutional investors and hedge funds own 34.58% of the company’s stock.

About Under Armour

(Get Free Report

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.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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