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

Under Armour (NYSE:UAA) had its price objective reduced by research analysts at Citigroup from $8.00 to $7.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 4.32% from the company’s current price.

A number of other equities analysts have also weighed in on UAA. BNP Paribas reiterated a “neutral” rating on shares of Under Armour in a research note on Thursday, March 14th. Wells Fargo & Company cut their price target on Under Armour from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. TheStreet upgraded Under Armour from a “d+” rating to a “c-” rating in a research note on Thursday, February 8th. 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 note 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 note on Thursday, March 14th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.05.

Under Armour Stock Performance

UAA stock traded up $0.03 during midday trading on Tuesday, reaching $6.71. The stock had a trading volume of 2,346,153 shares, compared to its average volume of 6,717,010. The stock has a market cap of $2.92 billion, a PE ratio of 7.48, a P/E/G ratio of 1.15 and a beta of 1.63. 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 firm has a fifty day simple moving average of $7.32 and a two-hundred day simple moving average of $7.74. Under Armour has a 52-week low of $6.29 and a 52-week high of $9.50.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. The company’s revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. As a group, equities research analysts anticipate that Under Armour will post 0.52 EPS for the current year.

Institutional Investors Weigh In On Under Armour

Several institutional investors have recently bought and sold shares of the company. AMH Equity Ltd acquired a new stake in Under Armour in the 1st quarter worth about $922,000. SG Americas Securities LLC boosted its holdings in shares of Under Armour by 1,334.2% during the 1st quarter. SG Americas Securities LLC now owns 181,616 shares of the company’s stock worth $1,340,000 after purchasing an additional 168,953 shares during the last quarter. Duality Advisers LP boosted its holdings in shares of Under Armour by 386.0% during the 1st quarter. Duality Advisers LP now owns 100,280 shares of the company’s stock worth $740,000 after purchasing an additional 79,646 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Under Armour by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock worth $1,216,000 after purchasing an additional 1,746 shares during the last quarter. Finally, Privium Fund Management B.V. boosted its holdings in shares of Under Armour by 0.8% during the 1st quarter. Privium Fund Management B.V. now owns 222,900 shares of the company’s stock worth $1,645,000 after purchasing an additional 1,700 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.