Piper Sandler Cuts Under Armour (NYSE:UAA) Price Target to $8.50

Under Armour (NYSE:UAA) had its target price cut by Piper Sandler from $10.00 to $8.50 in a research note published on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other analysts also recently issued research reports about the stock. StockNews.com initiated coverage on shares of Under Armour in a report on Thursday, October 5th. They set a hold rating for the company. Evercore ISI initiated coverage on shares of Under Armour in a report on Tuesday, November 7th. They set an inline rating and a $8.00 price target for the company. Telsey Advisory Group reaffirmed a market perform rating and set a $9.00 price target on shares of Under Armour in a report on Thursday, November 2nd. Finally, TheStreet downgraded shares of Under Armour from a c- rating to a d rating in a report on Tuesday, August 8th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $10.36.

Under Armour Stock Performance

NYSE UAA opened at $7.38 on Thursday. The company has a quick ratio of 1.35, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $3.29 billion, a P/E ratio of 8.11, a P/E/G ratio of 1.61 and a beta of 1.69. Under Armour has a 12-month low of $6.29 and a 12-month high of $13.05. The firm has a 50-day moving average price of $7.02 and a two-hundred day moving average price of $7.45.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. Under Armour had a net margin of 7.00% and a return on equity of 14.01%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 EPS. Analysts anticipate that Under Armour will post 0.49 earnings per share for the current year.

Hedge Funds Weigh In On Under Armour

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its position in Under Armour by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 555,976 shares of the company’s stock valued at $3,808,000 after acquiring an additional 4,591 shares during the period. Econ Financial Services Corp increased its position in Under Armour by 117.9% in the 3rd quarter. Econ Financial Services Corp now owns 80,042 shares of the company’s stock valued at $548,000 after acquiring an additional 43,312 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in Under Armour by 34.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 44,885 shares of the company’s stock valued at $307,000 after acquiring an additional 11,591 shares during the period. Matthew 25 Management Corp increased its position in Under Armour by 50.0% in the 3rd quarter. Matthew 25 Management Corp now owns 210,000 shares of the company’s stock valued at $1,438,000 after acquiring an additional 70,000 shares during the period. Finally, Pathstone Family Office LLC acquired a new position in Under Armour in the 3rd quarter valued at approximately $131,000. 38.45% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Company Profile

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.