Under Armour, Inc. (NYSE:UAA) Given Average Recommendation of “Reduce” by Brokerages

Shares of Under Armour, Inc. (NYSE:UAAGet Free Report) have been assigned an average recommendation of “Reduce” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $8.65.

UAA has been the topic of a number of research analyst reports. TheStreet upgraded shares of Under Armour from a “d+” rating to a “c-” rating in a research note on Thursday, February 8th. Telsey Advisory Group reiterated a “market perform” rating and set a $9.00 price objective on shares of Under Armour in a research note on Thursday, March 14th. Evercore ISI restated an “underperform” rating and issued a $7.00 price target (down previously from $8.00) on shares of Under Armour in a research report on Thursday, March 14th. BNP Paribas restated a “neutral” rating on shares of Under Armour in a research report on Thursday, March 14th. Finally, Williams Trading restated a “hold” rating and issued a $8.00 price target on shares of Under Armour in a research report on Thursday, March 14th.

Check Out Our Latest Report on UAA

Under Armour Stock Down 3.1 %

Shares of Under Armour stock opened at $7.08 on Wednesday. The business has a 50-day moving average of $7.92 and a 200-day moving average of $7.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.13 and a quick ratio of 1.38. The company has a market capitalization of $3.08 billion, a PE ratio of 7.87, a P/E/G ratio of 1.43 and a beta of 1.65. Under Armour has a 1-year low of $6.29 and a 1-year high of $9.59.

Under Armour (NYSE:UAAGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.11 by $0.08. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company posted $0.16 earnings per share. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, equities analysts forecast that Under Armour will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Under Armour

Several institutional investors and hedge funds have recently modified their holdings of the stock. Keener Financial Planning LLC bought a new stake in Under Armour in the fourth quarter worth $26,000. West Tower Group LLC bought a new stake in Under Armour in the second quarter worth $28,000. Signaturefd LLC boosted its holdings in Under Armour by 119.2% in the third quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock worth $28,000 after purchasing an additional 2,224 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Under Armour in the fourth quarter worth $30,000. Finally, Quarry LP bought a new stake in Under Armour in the first quarter worth $32,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

About Under Armour

(Get Free Report

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.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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