Under Armour (NYSE:UAA) PT Lowered to $7.00 at Wells Fargo & Company

Under Armour (NYSE:UAA) had its target price cut by Wells Fargo & Company from $8.00 to $7.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an equal weight rating on the stock.

UAA has been the topic of a number of other reports. BNP Paribas restated a neutral rating on shares of Under Armour in a research note on Thursday, March 14th. Williams Trading restated a hold rating and set a $8.00 price target on shares of Under Armour in a research note on Thursday, March 14th. Telsey Advisory Group restated a market perform rating and set a $9.00 price target on shares of Under Armour in a research note on Thursday, March 14th. TheStreet upgraded shares of Under Armour from a d+ rating to a c- rating in a research note on Thursday, February 8th. Finally, Evercore ISI reiterated an underperform rating and issued a $7.00 target price (down from $8.00) on shares of Under Armour in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, Under Armour presently has an average rating of Hold and a consensus price target of $8.55.

Under Armour Stock Up 1.6 %

UAA opened at $6.80 on Thursday. The company has a quick ratio of 1.38, a current ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 1.15 and a beta of 1.64. Under Armour has a twelve month low of $6.29 and a twelve month high of $9.50. The company’s 50-day moving average price is $7.51 and its two-hundred day moving average price is $7.74.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, February 8th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The firm 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%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 earnings per share. As a group, equities analysts expect that Under Armour will post 0.52 earnings per share for the current year.

Hedge Funds Weigh In On Under Armour

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Under Armour by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 18,196,402 shares of the company’s stock worth $124,645,000 after buying an additional 1,269,037 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Under Armour by 29.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock valued at $62,893,000 after purchasing an additional 1,636,634 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Under Armour by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,411 shares of the company’s stock valued at $36,456,000 after purchasing an additional 203,666 shares during the last quarter. Glenmede Trust Co. NA bought a new position in shares of Under Armour during the 3rd quarter valued at $10,741,000. Finally, Schonfeld Strategic Advisors LLC grew its holdings in shares of Under Armour by 24.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,357,200 shares of the company’s stock valued at $9,297,000 after purchasing an additional 265,100 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

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.