Under Armour (NYSE:UAA) PT Lowered to $7.00

Under Armour (NYSE:UAA) had its price target decreased by stock analysts at Citigroup from $8.00 to $7.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 5.42% from the stock’s current price.

Several other research analysts also recently commented on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $9.00 price objective on shares of Under Armour in a report on Thursday, March 14th. Wells Fargo & Company dropped their price objective on shares of Under Armour from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. TheStreet raised shares of Under Armour from a “d+” rating to a “c-” rating in a report on Thursday, February 8th. Evercore ISI reissued an “underperform” rating and set a $7.00 price objective (down previously from $8.00) on shares of Under Armour in a report on Thursday, March 14th. Finally, BNP Paribas reissued a “neutral” rating on shares of Under Armour in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.05.

Under Armour Trading Down 1.0 %

Shares of UAA stock opened at $6.64 on Tuesday. Under Armour has a 52-week low of $6.29 and a 52-week high of $9.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.38 and a current ratio of 2.13. The firm has a market capitalization of $2.89 billion, a PE ratio of 7.38, a PEG ratio of 1.15 and a beta of 1.63. The stock has a fifty day simple moving average of $7.23 and a two-hundred day simple moving average of $7.73.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business posted $0.16 EPS. Under Armour’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, analysts predict that Under Armour will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Under Armour by 65.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,943,745 shares of the company’s stock valued at $27,015,000 after acquiring an additional 1,555,856 shares during the last quarter. Vanguard Group Inc. lifted its stake in Under Armour by 7.5% in the third quarter. Vanguard Group Inc. now owns 18,196,402 shares of the company’s stock worth $124,645,000 after purchasing an additional 1,269,037 shares during the last quarter. OPTIMAS CAPITAL Ltd bought a new stake in Under Armour in the fourth quarter worth about $3,158,000. Trexquant Investment LP lifted its stake in Under Armour by 289.9% in the third quarter. Trexquant Investment LP now owns 1,229,130 shares of the company’s stock worth $8,420,000 after purchasing an additional 913,876 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Under Armour by 79.8% in the fourth quarter. Pacer Advisors Inc. now owns 28,378 shares of the company’s stock worth $249,000 after purchasing an additional 12,592 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.