Under Armour’s (NYSE:UAA) “Sell” Rating Reiterated at Forward View

Under Armour, Inc. (NYSE:UAA)‘s stock had its “sell” rating reissued by Forward View in a report issued on Saturday, November 4th.

Other equities research analysts have also issued reports about the stock. FBR & Co reissued an “underperform” rating and set a $14.00 price objective on shares of Under Armour in a report on Wednesday, August 2nd. Vetr lowered shares of Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 price objective on the stock. in a report on Monday, July 17th. Telsey Advisory Group dropped their price objective on shares of Under Armour from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, August 2nd. UBS Group AG decreased their target price on shares of Under Armour from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Finally, Canaccord Genuity decreased their target price on shares of Under Armour from $21.00 to $18.00 and set a “hold” rating for the company in a research report on Wednesday, August 2nd. Seventeen equities research 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 currently has an average rating of “Hold” and a consensus price target of $17.04.

Under Armour (NYSE UAA) opened at $13.09 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37. Under Armour has a 12 month low of $11.40 and a 12 month high of $33.45. The company has a market cap of $5,675.81, a P/E ratio of 31.34, a P/E/G ratio of 3.80 and a beta of -0.15.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. Under Armour’s quarterly revenue was down 4.5% compared to the same quarter last year. analysts forecast that Under Armour will post 0.2 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. purchased a new stake in Under Armour during the 2nd quarter valued at about $532,573,000. Vanguard Group Inc. purchased a new stake in Under Armour during the 2nd quarter valued at about $393,172,000. BlackRock Inc. purchased a new stake in Under Armour during the 2nd quarter valued at about $238,861,000. Bamco Inc. NY grew its stake in Under Armour by 10.8% during the 3rd quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock valued at $126,978,000 after acquiring an additional 750,325 shares in the last quarter. Finally, State Street Corp purchased a new stake in Under Armour during the 2nd quarter valued at about $157,325,000. 30.79% of the stock is owned by institutional investors.

About Under Armour

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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