Analysts at The Goldman Sachs Group started coverage on shares of Under Armour (NYSE:UAA - Get Free Report) in a research note issued on Wednesday, MarketBeat Ratings reports. The firm set a "neutral" rating and a $7.00 price target on the stock. The Goldman Sachs Group's target price would indicate a potential downside of 3.05% from the stock's previous close.
A number of other equities analysts have also recently issued reports on UAA. Telsey Advisory Group restated a "market perform" rating and set a $7.00 price objective on shares of Under Armour in a report on Tuesday, May 13th. Citigroup lowered their target price on shares of Under Armour from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Barclays cut their price target on shares of Under Armour from $8.00 to $6.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. UBS Group lifted their price objective on shares of Under Armour from $7.00 to $8.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Stifel Nicolaus dropped their target price on shares of Under Armour from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Under Armour currently has a consensus rating of "Hold" and a consensus price target of $7.31.
Check Out Our Latest Stock Report on Under Armour
Under Armour Trading Up 1.8%
Shares of UAA traded up $0.13 during midday trading on Wednesday, hitting $7.22. The stock had a trading volume of 11,602,329 shares, compared to its average volume of 12,702,908. The stock's 50 day moving average is $6.45 and its 200 day moving average is $6.96. The firm has a market cap of $3.10 billion, a PE ratio of -15.36, a price-to-earnings-growth ratio of 0.93 and a beta of 1.61. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.10 and a quick ratio of 1.25. Under Armour has a 1 year low of $4.78 and a 1 year high of $11.89.
Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. Under Armour had a negative net margin of 3.90% and a positive return on equity of 7.04%. The firm's revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS. As a group, analysts forecast that Under Armour will post 0.3 EPS for the current fiscal year.
Insider Transactions at Under Armour
In other Under Armour news, insider Mehri Shadman sold 16,287 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the sale, the insider owned 191,796 shares in the company, valued at $1,177,627.44. This represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 15.60% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in Under Armour during the fourth quarter valued at about $40,000. Twin Tree Management LP bought a new position in Under Armour in the first quarter worth about $44,000. Harbour Investments Inc. lifted its position in shares of Under Armour by 438.2% during the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock valued at $51,000 after buying an additional 5,000 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Under Armour in the 1st quarter valued at about $66,000. Finally, Motley Fool Asset Management LLC bought a new stake in shares of Under Armour in the 1st quarter valued at about $68,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.
About Under Armour
(
Get Free Report)
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.
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