Under Armour (NYSE:UAA) Price Target Lowered to $7.00 at Wells Fargo & Company

Under Armour (NYSE:UAA) had its price objective cut by Wells Fargo & Company from $8.00 to $7.00 in a research note released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages also recently weighed in on UAA. Williams Trading reiterated a hold rating and issued a $8.00 price target on shares of Under Armour in a report on Thursday, March 14th. Evercore ISI restated an underperform rating and set a $7.00 price objective (down from $8.00) on shares of Under Armour in a report on Thursday, March 14th. Telsey Advisory Group restated a market perform rating and set a $9.00 price objective on shares of Under Armour in a report on Thursday, March 14th. TheStreet upgraded Under Armour from a d+ rating to a c- rating in a report on Thursday, February 8th. Finally, BNP Paribas restated a neutral rating on shares of Under Armour in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $8.55.

Under Armour Trading Down 2.4 %

Shares of Under Armour stock opened at $6.69 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.13 and a quick ratio of 1.38. Under Armour has a 1 year low of $6.29 and a 1 year high of $9.50. The company has a market capitalization of $2.91 billion, a P/E ratio of 7.43, a P/E/G ratio of 1.18 and a beta of 1.64. The business has a 50 day moving average price of $7.54 and a 200 day moving average price of $7.74.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm posted $0.16 EPS. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Under Armour will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Under Armour

Institutional investors and hedge funds have recently bought and sold shares of the business. KG&L Capital Management LLC acquired a new stake in shares of Under Armour in the first quarter valued at approximately $98,000. New York State Teachers Retirement System boosted its holdings in Under Armour by 9.0% during the first quarter. New York State Teachers Retirement System now owns 224,894 shares of the company’s stock worth $1,660,000 after buying an additional 18,526 shares in the last quarter. Simplicity Wealth LLC acquired a new position in Under Armour in the 1st quarter worth approximately $2,566,000. Hexagon Capital Partners LLC boosted its stake in Under Armour by 101.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after purchasing an additional 1,890 shares during the period. Finally, Marcum Wealth LLC lifted its position in Under Armour by 63.9% in the 1st quarter. Marcum Wealth LLC now owns 33,298 shares of the company’s stock worth $246,000 after buying an additional 12,987 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

About Under Armour

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.