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 report report published on Saturday.

Other analysts also recently issued reports about the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Under Armour in a research note on Wednesday, May 14th. Wells Fargo & Company boosted their price target on Under Armour from $4.00 to $5.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Stifel Nicolaus dropped their price target on Under Armour from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Robert W. Baird lifted their price objective on shares of Under Armour from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Finally, BMO Capital Markets decreased their price objective on shares of Under Armour from $12.00 to $9.00 and set an "outperform" rating for the company in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $7.33.

Under Armour Price Performance

Shares of UAA stock traded up $0.27 during mid-day trading on Friday, hitting $6.96. 15,865,059 shares of the stock were exchanged, compared to its average volume of 12,688,811. The company has a market cap of $2.99 billion, a PE ratio of -24.00 and a beta of 1.54. Under Armour has a 52-week low of $4.78 and a 52-week high of $11.89. The firm has a fifty day moving average of $5.98 and a 200 day moving average of $7.49. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 11.4% on a year-over-year basis. During the same period last year, the company earned $0.11 EPS. Research analysts anticipate that Under Armour will post 0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Belpointe Asset Management LLC acquired a new stake in shares of Under Armour in the 1st quarter valued at $96,000. SCS Capital Management LLC bought a new stake in Under Armour in the 1st quarter worth about $828,000. United Services Automobile Association purchased a new position in Under Armour in the first quarter valued at about $83,000. Goldman Sachs Group Inc. increased its stake in shares of Under Armour by 33.1% in the first quarter. Goldman Sachs Group Inc. now owns 328,746 shares of the company's stock worth $2,055,000 after purchasing an additional 81,732 shares in the last quarter. Finally, Petrus Trust Company LTA bought a new position in shares of Under Armour in the first quarter valued at approximately $182,000. Institutional investors and hedge funds 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.