Under Armour (NYSE:UAA) Stock Rating Lowered by Wall Street Zen

Wall Street Zen cut shares of Under Armour (NYSE:UAA - Free Report) from a hold rating to a sell rating in a research note published on Saturday morning.

Several other research firms have also weighed in on UAA. Truist Financial reduced their price objective on Under Armour from $9.00 to $7.00 and set a "hold" rating on the stock in a research note on Wednesday, May 14th. Needham & Company LLC reiterated a "hold" rating on shares of Under Armour in a research note on Wednesday, May 14th. Evercore ISI decreased their price objective on shares of Under Armour from $7.00 to $6.00 and set an "underperform" rating for the company in a report on Wednesday, May 14th. BMO Capital Markets lowered their price objective on Under Armour from $12.00 to $9.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. Finally, KGI Securities began coverage on shares of Under Armour in a report on Friday, March 7th. They issued a "neutral" rating and a $7.40 price objective for the company. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $7.33.

Under Armour Stock Up 0.4%

Shares of NYSE UAA traded up $0.03 during midday trading on Friday, hitting $6.99. The company's stock had a trading volume of 6,934,974 shares, compared to its average volume of 12,667,425. Under Armour has a 1 year low of $4.78 and a 1 year high of $11.89. The business's fifty day simple moving average is $5.98 and its two-hundred day simple moving average is $7.49. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of -24.05 and a beta of 1.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

Under Armour (NYSE:UAA - Get Free Report) last announced 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. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm posted $0.11 earnings per share. The firm's revenue was down 11.4% on a year-over-year basis. On average, equities analysts predict that Under Armour will post 0.3 EPS for the current year.

Institutional Investors Weigh In On Under Armour

A number of large investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in Under Armour by 193.2% during the fourth quarter. FMR LLC now owns 28,317,951 shares of the company's stock valued at $234,473,000 after acquiring an additional 18,658,128 shares during the last quarter. Vanguard Group Inc. boosted its position in Under Armour by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company's stock valued at $128,741,000 after purchasing an additional 263,988 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in Under Armour by 55.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock worth $81,057,000 after purchasing an additional 3,503,006 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Under Armour by 17.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,494,339 shares of the company's stock worth $40,590,000 after buying an additional 965,404 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Under Armour by 36.2% during the first quarter. American Century Companies Inc. now owns 5,465,814 shares of the company's stock worth $34,161,000 after purchasing an additional 1,452,143 shares in the last quarter. Institutional investors own 34.58% of the company's stock.

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.