Under Armour (NYSE:UAA) PT Lowered to $7.00 at Citigroup

Under Armour (NYSE:UAA - Get Free Report) had its price target reduced by analysts at Citigroup from $8.00 to $7.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price target points to a potential upside of 4.32% from the stock's previous close.

Several other research firms also recently commented on UAA. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $9.00 price objective on shares of Under Armour in a report on Thursday, March 14th. Williams Trading reiterated a "hold" rating and issued a $8.00 target price on shares of Under Armour in a research note on Thursday, March 14th. BNP Paribas reiterated a "neutral" rating on shares of Under Armour in a research note on Thursday, March 14th. TheStreet upgraded shares of Under Armour from a "d+" rating to a "c-" rating in a research note on Thursday, February 8th. Finally, Evercore ISI reiterated an "underperform" rating and issued a $7.00 target price (down from $8.00) on shares of Under Armour in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $8.05.

Under Armour Stock Performance

Shares of UAA stock traded up $0.03 during trading hours on Tuesday, hitting $6.71. The company's stock had a trading volume of 4,940,007 shares, compared to its average volume of 6,747,480. The company has a 50 day moving average of $7.32 and a 200 day moving average of $7.74. The stock has a market cap of $2.92 billion, a PE ratio of 7.46, a price-to-earnings-growth ratio of 1.15 and a beta of 1.63. 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 12-month low of $6.29 and a 12-month high of $9.50.

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 the consensus estimate of $0.11 by $0.08. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The business's revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. On average, sell-side analysts forecast that Under Armour will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Under Armour

Large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in Under Armour by 65.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,943,745 shares of the company's stock worth $27,015,000 after acquiring an additional 1,555,856 shares during the period. Vanguard Group Inc. raised its position in Under Armour by 7.5% during the third 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 purchased a new stake in shares of Under Armour during the fourth quarter worth $3,158,000. Trexquant Investment LP grew its holdings in shares of Under Armour by 289.9% during the third quarter. Trexquant Investment LP now owns 1,229,130 shares of the company's stock worth $8,420,000 after buying an additional 913,876 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Under Armour by 79.8% during the fourth quarter. Pacer Advisors Inc. now owns 28,378 shares of the company's stock worth $249,000 after buying an additional 12,592 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

About Under Armour

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.