Under Armour (NYSE:UAA) Price Target Lowered to $7.00 at Wells Fargo & Company

Under Armour (NYSE:UAA - Get Free Report) had its price objective decreased by analysts at Wells Fargo & Company from $8.00 to $7.00 in a report released on Thursday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential upside of 4.71% from the company's previous close.

Several other research firms have also recently weighed in on UAA. Williams Trading reissued a "hold" rating and issued a $8.00 price target on shares of Under Armour in a research note on Thursday, March 14th. Telsey Advisory Group reissued a "market perform" rating and issued a $9.00 price target on shares of Under Armour in a research note on Thursday, March 14th. TheStreet raised shares of Under Armour from a "d+" rating to a "c-" rating in a research note on Thursday, February 8th. BNP Paribas reissued a "neutral" rating on shares of Under Armour in a research note on Thursday, March 14th. Finally, Evercore ISI reaffirmed an "underperform" rating and set a $7.00 price objective (down previously from $8.00) on shares of Under Armour in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $8.55.

Under Armour Price Performance

UAA stock traded down $0.17 during mid-day trading on Thursday, reaching $6.69. The company's stock had a trading volume of 3,461,765 shares, compared to its average volume of 6,960,964. The stock has a market cap of $2.91 billion, a PE ratio of 7.43, a P/E/G ratio of 1.18 and a beta of 1.64. The company has a current ratio of 2.13, a quick ratio of 1.38 and a debt-to-equity ratio of 0.27. Under Armour has a fifty-two week low of $6.29 and a fifty-two week high of $9.50. The company's 50 day moving average is $7.57 and its two-hundred day moving average is $7.75.

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

Institutional Investors Weigh In On Under Armour

A number of hedge funds have recently added to or reduced their stakes in UAA. Keener Financial Planning LLC acquired a new stake in Under Armour during the 4th quarter worth approximately $26,000. Signaturefd LLC lifted its holdings in Under Armour by 119.2% during the 3rd quarter. Signaturefd LLC now owns 4,090 shares of the company's stock worth $28,000 after buying an additional 2,224 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in Under Armour by 101.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company's stock worth $28,000 after buying an additional 1,890 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Under Armour by 43.3% in the 4th quarter. Global Retirement Partners LLC now owns 6,769 shares of the company's stock valued at $59,000 after purchasing an additional 2,044 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of Under Armour in the 4th quarter valued at $91,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.