Under Armour (NYSE:UAA) Cut to Sell at Wall Street Zen

Under Armour (NYSE:UAA - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley set a $4.00 target price on shares of Under Armour and gave the company an "equal weight" rating in a research note on Thursday, September 10th. Telsey Advisory Group decreased their price target on shares of Under Armour from $5.50 to $5.00 and set a "market perform" rating for the company in a research note on Monday, November 9th. UBS Group reissued a "buy" rating and issued a $8.00 price target (down from $9.00) on shares of Under Armour in a research note on Wednesday, October 28th. Weiss Ratings restated a "sell (d)" rating on shares of Under Armour in a report on Wednesday, November 4th. Finally, Truist Financial lifted their price objective on Under Armour from $5.00 to $6.00 and gave the company a "hold" rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Under Armour currently has a consensus rating of "Hold" and a consensus target price of $5.80.

Under Armour Stock Performance

NYSE:UAA opened at $4.91 on Friday. The stock has a market cap of $2.11 billion, a P/E ratio of 44.54, a price-to-earnings-growth ratio of 1.94 and a beta of 1.58. The firm's fifty day simple moving average is $4.89 and its 200 day simple moving average is $5.90. Under Armour has a twelve month low of $4.13 and a twelve month high of $8.15. The company has a quick ratio of 1.01, a current ratio of 1.95 and a debt-to-equity ratio of 0.40.

Hedge Funds Weigh In On Under Armour

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of Under Armour by 9.4% in the 1st quarter. NewEdge Advisors LLC now owns 23,908 shares of the company's stock worth $141,000 after buying an additional 2,061 shares during the last quarter. Versant Capital Management Inc increased its position in Under Armour by 94.1% during the 3rd quarter. Versant Capital Management Inc now owns 6,155 shares of the company's stock valued at $27,000 after buying an additional 2,984 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Under Armour by 20.2% during the first quarter. PNC Financial Services Group Inc. now owns 18,878 shares of the company's stock valued at $112,000 after buying an additional 3,166 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Under Armour by 134.5% during the third quarter. Farther Finance Advisors LLC now owns 7,061 shares of the company's stock valued at $31,000 after buying an additional 4,050 shares during the last quarter. Finally, Headlands Technologies LLC raised its stake in Under Armour by 39.8% during the third quarter. Headlands Technologies LLC now owns 18,395 shares of the company's stock valued at $82,000 after buying an additional 5,240 shares during the last quarter. Hedge funds and other institutional investors own 34.58% of the company's stock.

About Under Armour

Under Armour, Inc. develops, markets and sells performance apparel, footwear and accessories. Its products are designed for athletic training, competition and everyday use, and include technical apparel, running and training shoes, sports accessories and connected fitness offerings. Founded in 1996 by Kevin Plank, the company built its early business around moisture-wicking performance apparel. Under Armour sells products through wholesale partners and its own direct-to-consumer channels, including retail stores and e-commerce.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.