Under Armour (NYSE:UAA) Price Target Lowered to $7.00 at Telsey Advisory Group

Under Armour (NYSE:UAA - Get Free Report) had its price objective reduced by equities research analysts at Telsey Advisory Group from $10.00 to $7.00 in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a "market perform" rating on the stock. Telsey Advisory Group's target price suggests a potential upside of 14.47% from the company's current price.

A number of other research firms have also recently issued reports on UAA. Needham & Company LLC reiterated a "hold" rating on shares of Under Armour in a report on Friday, February 7th. Citigroup decreased their price objective on Under Armour from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Stifel Nicolaus cut their target price on Under Armour from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Evercore ISI reduced their price target on Under Armour from $8.00 to $7.00 and set an "underperform" rating for the company in a research report on Monday, February 10th. Finally, KGI Securities began coverage on shares of Under Armour in a research note on Friday, March 7th. They set a "neutral" rating and a $7.40 price target for the company. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Under Armour presently has an average rating of "Hold" and an average price target of $7.99.

Under Armour Stock Up 4.7%

Shares of UAA traded up $0.28 on Wednesday, hitting $6.12. The company's stock had a trading volume of 15,796,279 shares, compared to its average volume of 12,502,430. The firm's fifty day moving average price is $6.08 and its 200-day moving average price is $7.68. Under Armour has a fifty-two week low of $4.78 and a fifty-two week high of $11.89. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -21.09 and a beta of 1.54.

Under Armour (NYSE:UAA - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the previous year, the firm earned $0.19 earnings per share. On average, equities research analysts expect that Under Armour will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA bought a new position in Under Armour during the fourth quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Under Armour during the 4th quarter worth about $27,000. SBI Securities Co. Ltd. bought a new stake in shares of Under Armour during the 4th quarter worth about $40,000. Harbour Investments Inc. grew its stake in Under Armour by 438.2% in the 4th 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. Finally, Cerity Partners LLC bought a new position in Under Armour in the 1st quarter valued at about $66,000. 34.58% of the stock is currently 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.