Under Armour (NYSE:UAA) Price Target Cut to $5.50 by Analysts at Citigroup

Key Points

• Citigroup has lowered its price target for Under Armour from $6.00 to $5.50, maintaining a "neutral" rating on the stock.
• Under Armour's stock has experienced a decline of 18.2% and currently has a consensus price target of $6.78 among analysts.
• In recent insider activity, Mehri Shadman sold 16,287 shares, reducing their ownership by 7.83% in a transaction worth over $100,000.

Under Armour (NYSE:UAA - Get Free Report) had its target price dropped by Citigroup from $6.00 to $5.50 in a research note issued on Monday, Marketbeat Ratings reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price target points to a potential upside of 5.47% from the company's current price.

Several other equities research analysts have also recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Under Armour in a research report on Wednesday, July 2nd. They issued a "neutral" rating and a $7.00 price target for the company. Stifel Nicolaus decreased their target price on shares of Under Armour from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Wells Fargo & Company boosted their target price on shares of Under Armour from $4.00 to $5.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Barclays decreased their target price on shares of Under Armour from $8.00 to $6.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Finally, BMO Capital Markets reduced their price target on shares of Under Armour from $12.00 to $9.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $6.74.

Under Armour Trading Up 6.0%

Shares of Under Armour stock traded up $0.30 during trading on Monday, reaching $5.22. 17,766,806 shares of the stock were exchanged, compared to its average volume of 13,159,825. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21. The stock's fifty day moving average is $6.68 and its 200 day moving average is $6.60. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 2.36 and a beta of 1.61. Under Armour has a 1 year low of $4.78 and a 1 year high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.13 billion. Under Armour had a return on equity of 7.24% and a net margin of 1.99%. The firm's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 EPS. As a group, equities research analysts expect that Under Armour will post 0.3 earnings per share for the current fiscal year.

Insider Activity

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the sale, the insider directly owned 191,796 shares in the company, valued at $1,177,627.44. This trade represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dawn N. Fitzpatrick purchased 100,000 shares of Under Armour stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $4.93 per share, with a total value of $493,000.00. Following the completion of the purchase, the director directly owned 133,696 shares in the company, valued at $659,121.28. This trade represents a 296.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.60% of the stock is owned by corporate insiders.

Institutional Trading of Under Armour

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in shares of Under Armour by 36.5% in the 4th quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company's stock valued at $4,591,000 after buying an additional 148,280 shares during the last quarter. Geode Capital Management LLC grew its stake in Under Armour by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,890,105 shares of the company's stock worth $23,940,000 after purchasing an additional 9,024 shares during the period. Envestnet Asset Management Inc. grew its stake in Under Armour by 183.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 35,689 shares of the company's stock worth $296,000 after purchasing an additional 23,111 shares during the period. Raymond James Financial Inc. acquired a new stake in Under Armour during the fourth quarter worth approximately $439,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Under Armour by 10.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 127,071 shares of the company's stock valued at $1,052,000 after purchasing an additional 11,624 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors.

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.