Wells Fargo & Company Lowers Under Armour (NYSE:UAA) Price Target to $7.00

Under Armour (NYSE:UAA) had its target price cut by equities research analysts at Wells Fargo & Company from $8.00 to $7.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 3.02% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $9.00 price objective 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. Evercore ISI reiterated an “underperform” rating and set a $7.00 price target (down from $8.00) on shares of Under Armour in a research report on Thursday, March 14th. BNP Paribas reiterated a “neutral” rating on shares of Under Armour in a research report on Thursday, March 14th. Finally, 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. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, Under Armour currently has an average rating of “Hold” and an average target price of $8.55.

Under Armour Stock Up 1.6 %

UAA stock opened at $6.80 on Thursday. The company has a current ratio of 2.13, a quick ratio of 1.38 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $7.54 and its 200 day moving average is $7.74. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 1.18 and a beta of 1.64. Under Armour has a 1-year low of $6.29 and a 1-year high of $9.50.

Under Armour (NYSE:UAA) last posted its quarterly earnings data 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. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. Sell-side analysts predict that Under Armour will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Keener Financial Planning LLC bought a new position in shares of Under Armour in the fourth quarter worth approximately $26,000. Hexagon Capital Partners LLC grew its holdings in shares of Under Armour by 101.1% in the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after purchasing an additional 1,890 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Under Armour by 119.2% in the third quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock worth $28,000 after purchasing an additional 2,224 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Under Armour by 43.3% in the fourth quarter. Global Retirement Partners LLC now owns 6,769 shares of the company’s stock worth $59,000 after purchasing an additional 2,044 shares during the last quarter. Finally, M&T Bank Corp bought a new position in shares of Under Armour in the fourth quarter worth approximately $91,000. 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.