Under Armour (NYSE:UAA) Price Target Lowered to $13.00 at Deutsche Bank Aktiengesellschaft

Under Armour (NYSE:UAAGet Rating) had its price target reduced by Deutsche Bank Aktiengesellschaft from $21.00 to $13.00 in a research note released on Monday, The Fly reports.

Other equities research analysts have also issued reports about the company. Argus reduced their price objective on Under Armour from $19.00 to $15.00 in a research note on Wednesday, May 11th. Cowen cut Under Armour from an outperform rating to a market perform rating and decreased their target price for the stock from $13.00 to $10.00 in a research report on Tuesday, June 21st. Barclays decreased their target price on Under Armour from $22.00 to $14.00 in a research report on Tuesday, May 10th. Wells Fargo & Company decreased their target price on Under Armour from $30.00 to $28.00 and set an overweight rating for the company in a research report on Tuesday, April 5th. Finally, Williams Capital cut Under Armour from a buy rating to a hold rating in a research report on Thursday, May 19th. Eighteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Under Armour has a consensus rating of Hold and an average price target of $16.21.

Under Armour Stock Performance

UAA opened at $9.26 on Monday. The firm has a market cap of $4.41 billion, a PE ratio of 19.70 and a beta of 1.35. The company has a quick ratio of 1.74, a current ratio of 2.30 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $9.30 and a 200-day simple moving average of $13.74. Under Armour has a fifty-two week low of $8.10 and a fifty-two week high of $27.28.

Under Armour (NYSE:UAAGet Rating) last released its quarterly earnings data on Friday, May 6th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. Under Armour had a return on equity of 16.20% and a net margin of 3.89%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. As a group, equities analysts predict that Under Armour will post 0.64 EPS for the current fiscal year.

Insider Transactions at Under Armour

In other Under Armour news, Director David W. Gibbs acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were acquired at an average cost of $9.60 per share, for a total transaction of $240,000.00. Following the completion of the purchase, the director now owns 50,000 shares of the company’s stock, valued at approximately $480,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Under Armour

Institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC bought a new position in shares of Under Armour in the fourth quarter worth about $27,000. Washington Trust Advisors Inc. increased its stake in Under Armour by 102.5% during the first quarter. Washington Trust Advisors Inc. now owns 1,472 shares of the company’s stock valued at $25,000 after acquiring an additional 745 shares during the period. CWM LLC bought a new position in Under Armour during the fourth quarter valued at about $35,000. Daiwa Securities Group Inc. increased its stake in Under Armour by 44.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,753 shares of the company’s stock valued at $37,000 after acquiring an additional 537 shares during the period. Finally, Cornerstone Advisory LLC bought a new position in Under Armour during the fourth quarter valued at about $39,000. 38.72% of the stock is currently owned by institutional investors.

About Under Armour

(Get Rating)

Under Armour, Inc, together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

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