Under Armour (NYSE:UAA) Sets New 52-Week Low on Analyst Downgrade

Shares of Under Armour, Inc. (NYSE:UAA) hit a new 52-week low during trading on Wednesday after Wells Fargo & Company lowered their price target on the stock from $7.00 to $4.00. Wells Fargo & Company currently has an equal weight rating on the stock. Under Armour traded as low as $5.50 and last traded at $5.73, with a volume of 12650819 shares trading hands. The stock had previously closed at $5.81.

UAA has been the topic of several other research reports. Barclays dropped their target price on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Telsey Advisory Group restated a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research note on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. Guggenheim reiterated a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. Finally, Evercore ISI lowered their price objective on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, February 10th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.18.

Institutional Trading of Under Armour

A number of large investors have recently bought and sold shares of UAA. MCF Advisors LLC boosted its stake in shares of Under Armour by 7.6% in the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock valued at $167,000 after purchasing an additional 1,419 shares in the last quarter. Optas LLC lifted its holdings in Under Armour by 5.5% during the 4th quarter. Optas LLC now owns 28,519 shares of the company’s stock valued at $236,000 after purchasing an additional 1,484 shares during the last quarter. Mariner LLC grew its stake in Under Armour by 10.0% during the fourth quarter. Mariner LLC now owns 17,006 shares of the company’s stock worth $141,000 after buying an additional 1,552 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Under Armour by 0.4% during the first quarter. Principal Financial Group Inc. now owns 435,307 shares of the company’s stock worth $2,721,000 after buying an additional 1,888 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Under Armour by 2.4% in the fourth quarter. Amalgamated Bank now owns 87,534 shares of the company’s stock valued at $725,000 after acquiring an additional 2,014 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors.

Under Armour Stock Up 1.5 %

The firm has a fifty day moving average price of $6.19 and a 200 day moving average price of $7.84. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of -20.02 and a beta of 1.49. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter in the previous year, the company earned $0.19 EPS. Sell-side analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.