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

Under Armour (NYSE:UAA - Get Free Report) had its price target decreased by stock analysts at Citigroup from $8.00 to $6.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's price objective indicates a potential upside of 4.26% from the stock's current price.

Several other analysts also recently weighed in on the company. KGI Securities began coverage on Under Armour in a research report on Friday, March 7th. They set a "neutral" rating and a $7.40 price objective for the company. UBS Group reduced their price target on shares of Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. 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. Stifel Nicolaus cut their target price on shares of Under Armour from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $10.00 target price on shares of Under Armour in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Under Armour presently has a consensus rating of "Hold" and an average target price of $9.06.

Under Armour Price Performance

Shares of NYSE UAA traded up $0.05 during mid-day trading on Monday, reaching $5.76. The company had a trading volume of 7,457,601 shares, compared to its average volume of 12,158,536. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of -19.91 and a beta of 1.49. The business's 50-day simple moving average is $6.30 and its 200 day simple moving average is $7.90. Under Armour has a one year low of $4.78 and a one year high of $11.89. 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 (NYSE:UAA - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the previous year, the firm posted $0.19 earnings per share. On average, research analysts predict that Under Armour will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Under Armour

A number of institutional investors have recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in Under Armour during the fourth quarter worth approximately $412,000. Teacher Retirement System of Texas acquired a new stake in shares of Under Armour during the 4th quarter worth approximately $313,000. Fox Run Management L.L.C. lifted its position in shares of Under Armour by 215.1% during the 4th quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company's stock valued at $568,000 after acquiring an additional 46,828 shares during the period. Bank of New York Mellon Corp boosted its stake in Under Armour by 11.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company's stock worth $11,853,000 after acquiring an additional 150,958 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Under Armour by 36.5% in the fourth quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company's stock worth $4,591,000 after purchasing an additional 148,280 shares during the period. 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.

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