Telsey Advisory Group Cuts Under Armour, Inc. (UAA) Price Target to $12.00

Under Armour, Inc. (NYSE:UAA) had its target price trimmed by Telsey Advisory Group from $18.00 to $12.00 in a research report released on Wednesday, November 1st, Marketbeat reports. The firm currently has a market perform rating on the stock.

A number of other equities research analysts have also recently commented on UAA. Wedbush reiterated a neutral rating and issued a $17.00 price target (down from $18.00) on shares of Under Armour in a research note on Tuesday, August 8th. Vetr cut Under Armour from a sell rating to a strong sell rating and set a $16.68 price target for the company. in a research note on Wednesday, August 9th. Zacks Investment Research cut Under Armour from a hold rating to a sell rating in a research note on Friday, August 4th. Jefferies Group LLC reiterated a buy rating and issued a $28.00 price target on shares of Under Armour in a research note on Friday, August 11th. Finally, Buckingham Research decreased their price target on Under Armour from $15.00 to $14.00 and set an underperform rating for the company in a research note on Wednesday, August 2nd. Seventeen investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $17.04.

Shares of Under Armour (NYSE:UAA) traded up $0.36 during midday trading on Wednesday, hitting $13.44. The company had a trading volume of 5,638,205 shares, compared to its average volume of 5,597,572. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37. The stock has a market cap of $5,777.40, a PE ratio of 31.90, a P/E/G ratio of 3.87 and a beta of -0.15. Under Armour has a 1 year low of $11.40 and a 1 year high of $33.45.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. analysts predict that Under Armour will post 0.2 EPS for the current year.

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A number of hedge funds have recently bought and sold shares of UAA. D.A. Davidson & CO. acquired a new stake in Under Armour during the second quarter worth $118,000. Cornerstone Advisors Inc. acquired a new stake in Under Armour during the second quarter worth $124,000. Municipal Employees Retirement System of Michigan acquired a new stake in Under Armour during the second quarter worth $129,000. WFG Advisors LP acquired a new stake in Under Armour during the second quarter worth $132,000. Finally, Global X Management Co. LLC acquired a new stake in Under Armour during the second quarter worth $134,000. 30.79% of the stock is owned by institutional investors.

Under Armour Company Profile

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

Analyst Recommendations for Under Armour (NYSE:UAA)

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