Under Armour (NYSE:UAA) Reaches New 52-Week Low After Analyst Downgrade

Under Armour, Inc. (NYSE:UAA) shares reached a new 52-week low on Wednesday after Wells Fargo & Company lowered their price target on the stock from $7.00 to $4.00. Wells Fargo & Company currently has an equal weight rating on the stock. Under Armour traded as low as $5.50 and last traded at $5.73, with a volume of 12650819 shares trading hands. The stock had previously closed at $5.81.

Other equities analysts have also issued research reports about the company. Evercore ISI dropped their price objective on Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Monday, February 10th. Citigroup lowered their price target on Under Armour from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday. Guggenheim reaffirmed a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a report on Friday, February 7th. Finally, Argus cut shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and a consensus target price of $8.62.

Institutional Trading of Under Armour

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its holdings in shares of Under Armour by 193.2% in the 4th quarter. FMR LLC now owns 28,317,951 shares of the company’s stock worth $234,473,000 after acquiring an additional 18,658,128 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in shares of Under Armour by 55.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock valued at $81,057,000 after buying an additional 3,503,006 shares during the period. T. Rowe Price Investment Management Inc. bought a new position in shares of Under Armour during the fourth quarter valued at approximately $28,249,000. American Century Companies Inc. raised its holdings in shares of Under Armour by 160.5% in the fourth quarter. American Century Companies Inc. now owns 4,013,671 shares of the company’s stock worth $33,233,000 after buying an additional 2,472,813 shares during the period. Finally, Norges Bank bought a new stake in shares of Under Armour during the 4th quarter worth approximately $11,151,000. 34.58% of the stock is currently owned by institutional investors.

Under Armour Trading Down 1.4 %

The stock has a fifty day moving average of $6.22 and a 200-day moving average of $7.86. The company has a market cap of $2.46 billion, a PE ratio of -19.76 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the previous year, the firm earned $0.19 EPS. Sell-side analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.