Under Armour (NYSE:UAA) Given New $6.00 Price Target at Barclays

Under Armour (NYSE:UAA - Get Free Report) had its price target decreased by research analysts at Barclays from $8.00 to $6.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price objective would suggest a potential downside of 7.90% from the company's previous close.

UAA has been the subject of a number of other research reports. Argus cut shares of Under Armour from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. UBS Group raised their price target on Under Armour from $7.00 to $8.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Evercore ISI lowered their price target on Under Armour from $8.00 to $7.00 and set an "underperform" rating on the stock in a report on Monday, February 10th. Citigroup lowered their price objective on shares of Under Armour from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a research report on Friday, February 7th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $7.24.

Under Armour Stock Performance

UAA stock traded up $0.25 during mid-day trading on Monday, hitting $6.52. The company had a trading volume of 7,957,658 shares, compared to its average volume of 12,709,188. The stock's fifty day moving average price is $6.03 and its two-hundred day moving average price is $7.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour has a 12 month low of $4.78 and a 12 month high of $11.89. The firm has a market cap of $2.80 billion, a PE ratio of -22.40 and a beta of 1.54.

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

Hedge Funds Weigh In On Under Armour

Institutional investors have recently modified their holdings of the stock. FMR LLC grew its stake in shares of Under Armour by 193.2% during the 4th quarter. FMR LLC now owns 28,317,951 shares of the company's stock worth $234,473,000 after purchasing an additional 18,658,128 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of Under Armour by 55.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock worth $81,057,000 after buying an additional 3,503,006 shares during the period. T. Rowe Price Investment Management Inc. purchased a new position in shares of Under Armour during the 4th quarter valued at approximately $28,249,000. Boston Partners purchased a new position in shares of Under Armour during the 1st quarter valued at approximately $17,745,000. Finally, American Century Companies Inc. grew its stake in Under Armour by 160.5% in the 4th quarter. American Century Companies Inc. now owns 4,013,671 shares of the company's stock valued at $33,233,000 after acquiring an additional 2,472,813 shares during the period. Hedge funds and other institutional investors own 34.58% of the company's stock.

Under Armour Company Profile

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.