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

Shares of Under Armour, Inc. (NYSE:UAA) have been given a consensus rating of “Reduce” by the eight analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $8.55.

Several brokerages have recently commented on UAA. Wells Fargo & Company lowered their price objective on shares of Under Armour from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday. BNP Paribas reiterated a “neutral” rating on shares of Under Armour in a research report on Thursday, March 14th. TheStreet upgraded shares of Under Armour from a “d+” rating to a “c-” rating in a research report on Thursday, February 8th. Williams Trading reiterated a “hold” rating and set a $8.00 price target on shares of Under Armour in a research report on Thursday, March 14th. Finally, Evercore ISI reiterated an “underperform” rating and set a $7.00 price target (down previously from $8.00) on shares of Under Armour in a research report on Thursday, March 14th.

Institutional Investors Weigh In On Under Armour

Hedge funds and other institutional investors have recently bought and sold shares of the business. Keener Financial Planning LLC purchased a new stake in Under Armour in the fourth quarter worth about $26,000. Hexagon Capital Partners LLC grew its holdings in shares of Under Armour by 101.1% during the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after buying an additional 1,890 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Under Armour by 119.2% during the third quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock valued at $28,000 after buying an additional 2,224 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Under Armour by 43.3% during the fourth quarter. Global Retirement Partners LLC now owns 6,769 shares of the company’s stock valued at $59,000 after buying an additional 2,044 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of Under Armour during the fourth quarter valued at approximately $91,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Stock Performance

Shares of NYSE:UAA opened at $6.80 on Friday. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 1.15 and a beta of 1.64. The company has a 50-day moving average price of $7.51 and a 200-day moving average price of $7.74. 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 has a 12 month low of $6.29 and a 12 month high of $9.50.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.11 by $0.08. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share. As a group, equities analysts anticipate that Under Armour will post 0.52 EPS for the current year.

About Under Armour

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.