Under Armour (NYSE:UAA) Reaches New 52-Week Low – What’s Next?

Under Armour, Inc. (NYSE:UAA)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $6.10 and last traded at $6.18, with a volume of 648039 shares traded. The stock had previously closed at $6.30.

Analyst Upgrades and Downgrades

UAA has been the topic of a number of research reports. Guggenheim reaffirmed a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Evercore ISI cut their price objective on Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research report on Monday, February 10th. Argus lowered Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. KGI Securities started coverage on Under Armour in a research report on Friday, March 7th. They set a “neutral” rating and a $7.40 price target on the stock. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 price objective on shares of Under Armour in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.06.

Under Armour Price Performance

The stock has a market capitalization of $2.66 billion, a P/E ratio of -21.33 and a beta of 1.63. The business’s 50 day moving average price is $7.30 and its 200 day moving average price is $8.30. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.19 earnings per share. Sell-side analysts forecast that Under Armour, Inc. will post 0.3 EPS for the current year.

Hedge Funds Weigh In On Under Armour

Several institutional investors have recently made changes to their positions in the business. FMR LLC increased its holdings in Under Armour by 193.2% during the fourth quarter. FMR LLC now owns 28,317,951 shares of the company’s stock valued at $234,473,000 after buying an additional 18,658,128 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Under Armour by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock worth $128,741,000 after purchasing an additional 263,988 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in Under Armour by 55.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after purchasing an additional 3,503,006 shares during the period. Disciplined Growth Investors Inc. MN lifted its position in Under Armour by 6.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock valued at $51,149,000 after purchasing an additional 327,979 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in Under Armour by 10.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,528,935 shares of the company’s stock valued at $45,780,000 after purchasing an additional 533,417 shares during the period. Institutional investors own 34.58% of the company’s stock.

Under Armour Company Profile

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.