Under Armour (NYSE:UAA) Stock Rating Lowered by Williams Capital

Under Armour (NYSE:UAAGet Rating) was downgraded by research analysts at Williams Capital from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Other equities research analysts have also recently issued reports about the company. Exane BNP Paribas upgraded Under Armour from an “underperform” rating to a “neutral” rating and set a $18.00 target price on the stock in a research report on Wednesday, January 19th. Robert W. Baird dropped their target price on Under Armour from $28.00 to $15.00 in a research report on Monday, May 9th. OTR Global upgraded Under Armour to a “positive” rating in a research report on Thursday, January 27th. Credit Suisse Group dropped their target price on Under Armour from $28.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, February 14th. Finally, StockNews.com started coverage on Under Armour in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $21.63.

Shares of UAA opened at $10.53 on Thursday. The business’s 50-day moving average is $15.31 and its two-hundred day moving average is $18.87. The company has a market capitalization of $5.02 billion, a P/E ratio of 22.40 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.74 and a current ratio of 2.30. Under Armour has a fifty-two week low of $9.91 and a fifty-two week high of $27.28.

Under Armour (NYSE:UAAGet Rating) last posted its earnings results on Friday, May 6th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Under Armour had a net margin of 3.89% and a return on equity of 16.20%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business earned $0.16 earnings per share. Under Armour’s revenue was up 3.4% on a year-over-year basis. Analysts forecast that Under Armour will post 0.69 EPS for the current year.

Under Armour declared that its board has authorized a share buyback program on Wednesday, February 23rd that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 6.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. KBC Group NV lifted its stake in Under Armour by 3.3% in the 3rd quarter. KBC Group NV now owns 13,295 shares of the company’s stock worth $268,000 after purchasing an additional 427 shares in the last quarter. US Bancorp DE raised its position in shares of Under Armour by 31.0% during the 3rd quarter. US Bancorp DE now owns 1,948 shares of the company’s stock valued at $39,000 after buying an additional 461 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Under Armour by 44.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,753 shares of the company’s stock valued at $37,000 after buying an additional 537 shares during the period. New York State Teachers Retirement System raised its position in shares of Under Armour by 0.3% during the 4th quarter. New York State Teachers Retirement System now owns 199,707 shares of the company’s stock valued at $4,232,000 after buying an additional 632 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Under Armour by 3.8% during the 3rd quarter. HighTower Advisors LLC now owns 18,882 shares of the company’s stock valued at $377,000 after buying an additional 694 shares during the period. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Company Profile (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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