Under Armour, Inc. (NYSE:UAA) Receives Consensus Rating of “Reduce” from Analysts

Shares of Under Armour, Inc. (NYSE:UAA) have earned a consensus rating of “Reduce” from the fourteen analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $7.32.

Several brokerages recently issued reports on UAA. Telsey Advisory Group reaffirmed a “market perform” rating and set a $8.00 target price on shares of Under Armour in a research report on Thursday, May 16th. William Blair lowered Under Armour from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 16th. Evercore ISI cut their price objective on Under Armour from $7.00 to $6.00 and set an “underperform” rating on the stock in a report on Friday, May 17th. BMO Capital Markets cut their price objective on Under Armour from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, May 17th. Finally, JPMorgan Chase & Co. lowered Under Armour from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $8.00 to $6.00 in a report on Thursday, May 16th.

Under Armour Trading Up 2.5 %

Shares of NYSE UAA opened at $6.67 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.46 and a quick ratio of 1.63. The stock has a market capitalization of $2.91 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 3.48 and a beta of 1.67. Under Armour has a 1-year low of $6.18 and a 1-year high of $9.50. The business has a fifty day moving average price of $6.80 and a 200 day moving average price of $7.33.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, May 16th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company posted $0.18 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities research analysts expect that Under Armour will post 0.2 EPS for the current fiscal year.

Under Armour announced that its board has approved a stock repurchase program on Thursday, May 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 16.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Under Armour

Several hedge funds and other institutional investors have recently bought and sold shares of UAA. Vanguard Group Inc. boosted its position in Under Armour by 7.5% during the third quarter. Vanguard Group Inc. now owns 18,196,402 shares of the company’s stock worth $124,645,000 after purchasing an additional 1,269,037 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Under Armour by 39.3% during the fourth quarter. Teacher Retirement System of Texas now owns 27,524 shares of the company’s stock worth $242,000 after purchasing an additional 7,771 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Under Armour by 29.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock worth $62,893,000 after purchasing an additional 1,636,634 shares in the last quarter. Virtu Financial LLC purchased a new position in Under Armour during the fourth quarter worth approximately $440,000. Finally, OPTIMAS CAPITAL Ltd purchased a new position in Under Armour during the fourth quarter worth approximately $3,158,000. 34.58% of the stock is 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.