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

Under Armour (NYSE:UAA - Free Report) had its price objective lowered by Citigroup from $8.00 to $6.00 in a research note released on Monday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other analysts have also recently commented on the company. Barclays lowered their price target on Under Armour from $11.00 to $8.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Telsey Advisory Group reissued a "market perform" rating and issued a $10.00 price objective on shares of Under Armour in a research report on Thursday, February 6th. KGI Securities initiated coverage on shares of Under Armour in a report on Friday, March 7th. They issued a "neutral" rating and a $7.40 price objective on the stock. UBS Group decreased their target price on Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Under Armour in a report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $8.18.

Under Armour Stock Up 3.4 %

Shares of UAA stock traded up $0.20 during trading on Monday, hitting $6.00. 8,783,416 shares of the company were exchanged, compared to its average volume of 12,291,325. 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 twelve month low of $4.78 and a twelve month high of $11.89. The business's 50-day simple moving average is $6.17 and its 200 day simple moving average is $7.81. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -20.69 and a beta of 1.49.

Under Armour (NYSE:UAA - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates 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 last year, the business earned $0.19 EPS. As a group, analysts forecast that Under Armour will post 0.3 EPS for the current fiscal year.

Institutional Trading of Under Armour

Institutional investors and hedge funds have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA purchased a new stake in Under Armour during the fourth quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Under Armour during the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of Under Armour during the 4th quarter worth about $40,000. Harbour Investments Inc. raised its stake in shares of Under Armour by 438.2% during the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock worth $51,000 after buying an additional 5,000 shares during the period. Finally, Cerity Partners LLC purchased a new position in Under Armour during the first quarter valued at $66,000. 34.58% of the stock is currently owned by 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.