Citigroup Trims Under Armour (NYSE:UAA) Target Price to $7.00

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

Other research analysts have also recently issued reports about the company. TheStreet upgraded Under Armour from a “d+” rating to a “c-” rating in a research note on Thursday, February 8th. Wells Fargo & Company decreased their price target on Under Armour from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. BNP Paribas restated a “neutral” rating on shares of Under Armour in a research note on Thursday, March 14th. Evercore ISI restated an “underperform” rating and set a $7.00 price target (down from $8.00) on shares of Under Armour in a research note on Thursday, March 14th. Finally, Williams Trading reiterated a “hold” rating and issued a $8.00 price objective 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 issued a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.05.

Under Armour Price Performance

Under Armour stock opened at $6.64 on Tuesday. 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 company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 1.15 and a beta of 1.63. The company’s 50 day simple moving average is $7.23 and its 200-day simple moving average is $7.73. Under Armour has a 1 year low of $6.29 and a 1 year high of $9.50.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.19 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 company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the firm earned $0.16 earnings per share. The firm’s revenue was down 6.1% compared to the same quarter last year. As a group, equities research analysts expect that Under Armour will post 0.52 earnings per share for the current year.

Institutional Trading of Under Armour

Hedge funds and other institutional investors have recently bought and sold shares of the business. Keener Financial Planning LLC acquired a new stake in Under Armour in the fourth quarter valued at $26,000. Hexagon Capital Partners LLC raised its stake in Under Armour by 101.1% in the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after buying an additional 1,890 shares in the last quarter. Signaturefd LLC raised its stake in Under Armour by 119.2% in the third quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock valued at $28,000 after buying an additional 2,224 shares in the last quarter. Global Retirement Partners LLC raised its stake in Under Armour by 43.3% in the fourth quarter. Global Retirement Partners LLC now owns 6,769 shares of the company’s stock valued at $59,000 after buying an additional 2,044 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in Under Armour in the fourth quarter valued at $91,000. 34.58% 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.