Barclays Issues Pessimistic Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA - Get Free Report) had its target price cut by Barclays from $8.00 to $6.00 in a report released on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price objective would indicate a potential downside of 10.51% from the stock's current price.

A number of other analysts have also issued reports on the stock. KGI Securities assumed coverage on shares of Under Armour in a research note on Friday, March 7th. They set a "neutral" rating and a $7.40 target price for the company. Evercore ISI lowered their price objective on shares of Under Armour from $8.00 to $7.00 and set an "underperform" rating for the company in a research report on Monday, February 10th. StockNews.com upgraded shares of Under Armour from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th. Guggenheim reaffirmed a "neutral" rating on shares of Under Armour in a research report on Friday, February 7th. Finally, Argus lowered Under Armour from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $7.33.

Under Armour Trading Up 2.5%

Under Armour stock traded up $0.17 during midday trading on Monday, reaching $6.71. The stock had a trading volume of 15,392,275 shares, compared to its average volume of 12,638,906. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of -23.12 and a beta of 1.54. Under Armour has a 52-week low of $4.78 and a 52-week high of $11.89. The company has a fifty day moving average of $6.00 and a 200 day moving average of $7.61.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. On average, analysts anticipate that Under Armour will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Under Armour

Several hedge funds have recently modified their holdings of the company. FMR LLC grew its position in shares of Under Armour by 193.2% in the 4th quarter. FMR LLC now owns 28,317,951 shares of the company's stock worth $234,473,000 after buying an additional 18,658,128 shares during the last quarter. Vanguard Group Inc. grew its holdings in Under Armour by 1.7% in the fourth 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 during the last quarter. Alyeska Investment Group L.P. increased its position in shares of Under Armour by 55.7% during the fourth 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 in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Under Armour by 17.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,494,339 shares of the company's stock valued at $40,590,000 after purchasing an additional 965,404 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Under Armour by 36.2% during the 1st quarter. American Century Companies Inc. now owns 5,465,814 shares of the company's stock valued at $34,161,000 after purchasing an additional 1,452,143 shares during the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

About Under Armour

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.