Under Armour (NYSE:UAA) Cut to Sell at 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 report report published on Saturday morning.

A number of other analysts have also recently commented on UAA. Needham & Company LLC reaffirmed a "hold" rating on shares of Under Armour in a research report on Wednesday, May 14th. Wells Fargo & Company upped their price target 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. Truist Financial cut their price target on shares of Under Armour from $9.00 to $7.00 and set a "hold" rating on the stock in a research report on Wednesday, May 14th. 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 research report on Monday, May 12th. Finally, KGI Securities started coverage on shares of Under Armour in a research report on Friday, March 7th. They set a "neutral" rating and a $7.40 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $7.33.

Under Armour Stock Down 3.8%

Under Armour stock traded down $0.26 during mid-day trading on Friday, reaching $6.71. The company's stock had a trading volume of 11,397,641 shares, compared to its average volume of 12,697,037. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of -23.13 and a beta of 1.54. Under Armour has a 12 month low of $4.78 and a 12 month high of $11.89. The business's 50 day simple moving average is $6.00 and its 200 day simple moving average is $7.46. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01.

Under Armour (NYSE:UAA - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, topping 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 business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm posted $0.11 EPS. Under Armour's revenue was down 11.4% compared to the same quarter last year. As a group, research analysts anticipate that Under Armour will post 0.3 earnings per share for the current year.

Institutional Trading of Under Armour

A number of large investors have recently bought and sold shares of the business. FMR LLC raised its position in Under Armour by 193.2% during the 4th quarter. FMR LLC now owns 28,317,951 shares of the company's stock worth $234,473,000 after buying an additional 18,658,128 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Under Armour by 1.7% in the 4th 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. increased its holdings in shares of 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 valued at $81,057,000 after purchasing an additional 3,503,006 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Under Armour by 17.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,494,339 shares of the company's stock valued at $40,590,000 after purchasing an additional 965,404 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Under Armour by 36.2% in the 1st quarter. American Century Companies Inc. now owns 5,465,814 shares of the company's stock valued at $34,161,000 after purchasing an additional 1,452,143 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company's stock.

Under Armour Company Profile

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.