Under Armour, Inc. (NYSE:UAA) Receives $7.32 Consensus PT from Analysts

Shares of Under Armour, Inc. (NYSE:UAA - Get Free Report) have been assigned an average rating of "Reduce" from the fourteen research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $7.32.

A number of brokerages have issued reports on UAA. BNP Paribas restated a "neutral" rating on shares of Under Armour in a research report on Thursday, March 14th. Telsey Advisory Group restated a "market perform" rating and set a $8.00 price objective on shares of Under Armour in a research note on Thursday, May 16th. Evercore ISI cut their target price on Under Armour from $7.00 to $6.00 and set an "underperform" rating for the company in a research report on Friday, May 17th. Williams Trading restated a "hold" rating and issued a $8.00 price target on shares of Under Armour in a research report on Thursday, March 14th. Finally, BMO Capital Markets cut their price objective on shares of Under Armour from $12.00 to $10.00 and set an "outperform" rating for the company in a research report on Friday, May 17th.

Institutional Trading of Under Armour

Several institutional investors have recently added to or reduced their stakes in UAA. Charles Schwab Investment Management Inc. boosted its stake in shares of Under Armour by 65.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,943,745 shares of the company's stock valued at $27,015,000 after purchasing an additional 1,555,856 shares during the last quarter. Vanguard Group Inc. grew its holdings in Under Armour by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 18,196,402 shares of the company's stock worth $124,645,000 after acquiring an additional 1,269,037 shares during the period. OPTIMAS CAPITAL Ltd bought a new position in shares of Under Armour in the 4th quarter worth about $3,158,000. Trexquant Investment LP lifted its stake in shares of Under Armour by 289.9% in the 3rd quarter. Trexquant Investment LP now owns 1,229,130 shares of the company's stock valued at $8,420,000 after purchasing an additional 913,876 shares during the period. Finally, Aigen Investment Management LP bought a new stake in shares of Under Armour during the 4th quarter valued at about $1,901,000. 34.58% of the stock is currently owned by institutional investors.

Under Armour Stock Performance

Shares of Under Armour stock traded down $0.24 on Thursday, hitting $6.71. The stock had a trading volume of 12,603,974 shares, compared to its average volume of 7,479,191. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 2.98 and a beta of 1.63. The company has a quick ratio of 1.63, a current ratio of 2.46 and a debt-to-equity ratio of 0.28. Under Armour has a twelve month low of $6.18 and a twelve month high of $9.50. The business's 50 day moving average is $6.87 and its two-hundred day moving average is $7.71.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.33 billion. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The company's quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS. Analysts forecast that Under Armour will post 0.23 EPS for the current year.

Under Armour declared that its board has approved a stock repurchase plan on Thursday, May 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 16.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

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.