Under Armour, Inc. (NYSE:UAA) Receives Average Recommendation of "Reduce" from Brokerages

Shares of Under Armour, Inc. (NYSE:UAA - Get Free Report) have received an average recommendation of "Reduce" from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $8.65.

A number of equities research analysts recently issued reports on UAA shares. BNP Paribas reissued a "neutral" rating on shares of Under Armour in a report on Thursday, March 14th. Williams Trading restated a "hold" rating and set a $8.00 price target on shares of Under Armour in a report on Thursday, March 14th. Telsey Advisory Group reiterated a "market perform" rating and issued a $9.00 price objective on shares of Under Armour in a report on Thursday, March 14th. TheStreet upgraded Under Armour from a "d+" rating to a "c-" rating in a research report on Thursday, February 8th. Finally, Evercore ISI restated an "underperform" rating and issued a $7.00 target price (down previously from $8.00) on shares of Under Armour in a research report on Thursday, March 14th.

Hedge Funds Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently bought and sold shares of UAA. Toroso Investments LLC lifted its position in shares of Under Armour by 7.3% during the fourth quarter. Toroso Investments LLC now owns 14,411 shares of the company's stock worth $146,000 after purchasing an additional 984 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Under Armour by 0.4% during the 4th quarter. Alliancebernstein L.P. now owns 298,009 shares of the company's stock worth $3,028,000 after buying an additional 1,084 shares in the last quarter. Sei Investments Co. lifted its holdings in Under Armour by 10.0% during the 3rd quarter. Sei Investments Co. now owns 15,171 shares of the company's stock worth $104,000 after buying an additional 1,378 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Under Armour by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 76,028 shares of the company's stock valued at $722,000 after buying an additional 1,761 shares during the period. Finally, FMR LLC grew its stake in shares of Under Armour by 1.0% in the third quarter. FMR LLC now owns 175,094 shares of the company's stock worth $1,199,000 after acquiring an additional 1,792 shares in the last quarter. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Price Performance

UAA traded down $0.10 during trading on Wednesday, reaching $6.98. The company's stock had a trading volume of 10,308,680 shares, compared to its average volume of 7,301,352. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 1.25 and a beta of 1.64. The firm has a fifty day simple moving average of $7.91 and a two-hundred day simple moving average of $7.75. Under Armour has a 1 year low of $6.29 and a 1 year high of $9.56. The company has a quick ratio of 1.38, a current ratio of 2.13 and a debt-to-equity ratio of 0.27.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.11 by $0.08. The firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.50 billion. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. The business's revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share. As a group, analysts anticipate that Under Armour will post 0.52 EPS for the current year.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.