Brokerages Set Under Armour, Inc. (NYSE:UAA) PT at $7.33

Shares of Under Armour, Inc. (NYSE:UAA - Get Free Report) have been given an average recommendation of "Hold" by the eighteen brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $7.33.

UAA has been the subject of a number of recent research reports. Guggenheim reissued a "neutral" rating on shares of Under Armour in a research note on Friday, February 7th. Wells Fargo & Company upped their target price on shares of Under Armour from $4.00 to $5.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. KGI Securities began coverage on shares of Under Armour in a research report on Friday, March 7th. They set a "neutral" rating and a $7.40 target price for the company. Telsey Advisory Group reiterated a "market perform" rating and issued a $7.00 price objective on shares of Under Armour in a report on Tuesday, May 13th. Finally, Stifel Nicolaus dropped their price objective on Under Armour from $11.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, May 14th.

Under Armour Trading Down 0.3%

Shares of UAA stock traded down $0.02 on Monday, reaching $6.58. 6,766,319 shares of the stock were exchanged, compared to its average volume of 12,648,610. The stock has a market cap of $2.83 billion, a PE ratio of -22.70 and a beta of 1.63. Under Armour has a one year low of $4.78 and a one year high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The stock has a 50 day moving average price of $6.03 and a 200 day moving average price of $7.35.

Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.16 billion. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The company's quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS. Equities research analysts forecast that Under Armour will post 0.3 EPS for the current fiscal year.

Institutional Trading of Under Armour

A number of large investors have recently bought and sold shares of the business. Optas LLC increased its holdings in Under Armour by 5.5% during the 4th quarter. Optas LLC now owns 28,519 shares of the company's stock worth $236,000 after purchasing an additional 1,484 shares in the last quarter. Mariner LLC grew its holdings in shares of Under Armour by 10.0% during the fourth quarter. Mariner LLC now owns 17,006 shares of the company's stock worth $141,000 after buying an additional 1,552 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Under Armour by 0.4% during the first quarter. Principal Financial Group Inc. now owns 435,307 shares of the company's stock worth $2,721,000 after buying an additional 1,888 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Under Armour by 2.4% during the fourth quarter. Amalgamated Bank now owns 87,534 shares of the company's stock worth $725,000 after buying an additional 2,014 shares in the last quarter. Finally, Beacon Pointe Advisors LLC grew its holdings in shares of Under Armour by 10.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 21,470 shares of the company's stock worth $178,000 after buying an additional 2,080 shares in the last quarter. 34.58% of the stock is owned by institutional investors.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.