Credit Suisse Group Lowers Under Armour (NYSE:UAA) Price Target to $11.00

Under Armour (NYSE:UAAGet Rating) had its price objective cut by equities researchers at Credit Suisse Group from $13.00 to $11.00 in a research note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s price objective indicates a potential upside of 17.90% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Argus reduced their price objective on Under Armour from $19.00 to $15.00 in a research note on Wednesday, May 11th. Jefferies Financial Group downgraded Under Armour from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $20.00 to $10.00 in a research note on Monday, July 11th. Williams Capital downgraded Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, May 19th. Piper Sandler reaffirmed a “neutral” rating and issued a $10.00 price objective on shares of Under Armour in a research note on Tuesday, July 26th. Finally, William Blair cut Under Armour from a “hold” rating to a “sell” rating and set a $7.00 target price for the company. in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.54.

Under Armour Stock Up 0.3 %

Shares of UAA opened at $9.33 on Thursday. The business’s 50 day moving average is $9.26 and its 200 day moving average is $13.54. The company has a market capitalization of $4.44 billion, a PE ratio of 25.92 and a beta of 1.35. Under Armour has a 12-month low of $8.10 and a 12-month high of $27.28. The company has a current ratio of 2.06, a quick ratio of 1.74 and a debt-to-equity ratio of 0.39.

Under Armour (NYSE:UAAGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Under Armour had a return on equity of 11.61% and a net margin of 2.99%. During the same period in the prior year, the company posted $0.24 earnings per share. Research analysts expect that Under Armour will post 0.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director David W. Gibbs bought 25,000 shares of the stock in a transaction on Friday, May 27th. The stock was acquired at an average cost of $9.39 per share, for a total transaction of $234,750.00. Following the acquisition, the director now owns 25,000 shares of the company’s stock, valued at $234,750. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On Under Armour

Hedge funds have recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of Under Armour by 172.6% in the 1st quarter. CWM LLC now owns 4,446 shares of the company’s stock worth $76,000 after buying an additional 2,815 shares during the period. Cornerstone Advisory LLC purchased a new stake in shares of Under Armour in the fourth quarter worth about $39,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Under Armour by 37.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 156,482 shares of the company’s stock worth $2,663,000 after buying an additional 42,333 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Under Armour by 7.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,234 shares of the company’s stock valued at $365,000 after purchasing an additional 1,150 shares during the period. Finally, Versor Investments LP grew its holdings in Under Armour by 100.3% in the first quarter. Versor Investments LP now owns 48,983 shares of the company’s stock valued at $834,000 after purchasing an additional 24,532 shares during the period. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

About Under Armour

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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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Analyst Recommendations for Under Armour (NYSE:UAA)

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