Under Armour, Inc. (NYSE:UAA) Receives $8.65 Average Target Price from Analysts

Under Armour, Inc. (NYSE:UAA) has been assigned an average recommendation of “Reduce” from the eight analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $8.65.

Several equities analysts have weighed in on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $9.00 price objective on shares of Under Armour in a report on Thursday, March 14th. Williams Trading reissued a “hold” rating and set a $8.00 price target on shares of Under Armour in a report on Thursday, March 14th. Evercore ISI reissued an “underperform” rating and set a $7.00 price target (down previously from $8.00) on shares of Under Armour in a report on Thursday, March 14th. BNP Paribas reissued a “neutral” rating on shares of Under Armour in a report on Thursday, March 14th. Finally, TheStreet upgraded Under Armour from a “d+” rating to a “c-” rating in a research report on Thursday, February 8th.

Under Armour Price Performance

Shares of NYSE UAA opened at $6.82 on Wednesday. The stock has a market capitalization of $2.97 billion, a PE ratio of 7.58, a P/E/G ratio of 1.19 and a beta of 1.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.13 and a quick ratio of 1.38. The business has a fifty day moving average price of $7.88 and a two-hundred day moving average price of $7.74. Under Armour has a fifty-two week low of $6.29 and a fifty-two week high of $9.50.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. As a group, equities analysts predict that Under Armour will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Under Armour

A number of large investors have recently added to or reduced their stakes in UAA. Raymond James & Associates increased its holdings in shares of Under Armour by 75.9% in the first quarter. Raymond James & Associates now owns 191,303 shares of the company’s stock worth $3,256,000 after buying an additional 82,568 shares during the period. American Century Companies Inc. increased its holdings in shares of Under Armour by 24.9% in the first quarter. American Century Companies Inc. now owns 27,205 shares of the company’s stock worth $463,000 after buying an additional 5,428 shares during the period. Cetera Advisor Networks LLC purchased a new position in shares of Under Armour in the first quarter worth about $202,000. PNC Financial Services Group Inc. increased its holdings in shares of Under Armour by 11.1% in the first quarter. PNC Financial Services Group Inc. now owns 38,528 shares of the company’s stock worth $657,000 after buying an additional 3,861 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in shares of Under Armour by 56.5% in the first quarter. Acadian Asset Management LLC now owns 15,360 shares of the company’s stock worth $260,000 after buying an additional 5,543 shares during the period. Hedge funds and other institutional investors own 34.58% of the company’s stock.

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.