Under Armour (NYSE:UAA) PT Lowered to $8.00 at Telsey Advisory Group

Under Armour (NYSE:UAA - Free Report) had its price objective reduced by Telsey Advisory Group from $9.00 to $8.00 in a research note released on Friday, MarketBeat.com reports. Telsey Advisory Group currently has a market perform rating on the stock.

Other research analysts have also issued research reports about the company. TheStreet raised Under Armour from a d+ rating to a c- rating in a report on Thursday, February 8th. BNP Paribas reiterated a neutral rating on shares of Under Armour in a research note on Thursday, March 14th. Wells Fargo & Company reduced their price target on shares of Under Armour from $8.00 to $7.00 and set an equal weight rating for the company in a research report on Thursday, April 25th. Williams Trading reiterated a hold rating and issued a $8.00 price objective on shares of Under Armour in a research report on Thursday, March 14th. Finally, Citigroup reduced their target price on Under Armour from $8.00 to $7.00 and set a neutral rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the company has an average rating of Hold and an average target price of $7.95.

Under Armour Stock Performance

Shares of Under Armour stock traded down $0.08 during trading hours on Friday, hitting $6.71. 6,605,629 shares of the company's stock traded hands, compared to its average volume of 5,196,554. The company has a fifty day simple moving average of $7.15 and a 200-day simple moving average of $7.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.13 and a quick ratio of 1.38. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 1.14 and a beta of 1.63. 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 earnings results on Thursday, February 8th. The company reported $0.19 earnings per share 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 firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous year, the company earned $0.16 earnings per share. The company's quarterly revenue was down 6.1% on a year-over-year basis. Equities research analysts anticipate that Under Armour will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Keener Financial Planning LLC bought a new position in shares of Under Armour during the 4th quarter valued at $26,000. Hexagon Capital Partners LLC grew its stake in shares of Under Armour by 101.1% during the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company's stock valued at $28,000 after buying an additional 1,890 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Under Armour by 119.2% in the third quarter. Signaturefd LLC now owns 4,090 shares of the company's stock worth $28,000 after buying an additional 2,224 shares during the period. Global Retirement Partners LLC lifted its stake 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 acquiring an additional 2,044 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in Under Armour during the 4th quarter valued at about $91,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

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.