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 decreased by stock analysts at Telsey Advisory Group from $10.00 to $7.00 in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage currently has a "market perform" rating on the stock. Telsey Advisory Group's price target would suggest a potential upside of 22.91% from the stock's previous close.

UAA has been the subject of a number of other reports. UBS Group increased their price objective on shares of Under Armour from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Citigroup cut their price objective on shares of Under Armour from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Wells Fargo & Company lowered their target price on shares of Under Armour from $7.00 to $4.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Argus cut shares of Under Armour from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. Finally, Guggenheim reiterated a "neutral" rating on shares of Under Armour in a research note on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.99.

Under Armour Trading Down 3.5 %

Shares of UAA stock opened at $5.70 on Wednesday. Under Armour has a 1 year low of $4.78 and a 1 year high of $11.89. The firm has a fifty day moving average price of $6.13 and a 200-day moving average price of $7.75. The company has a market cap of $2.45 billion, a price-to-earnings ratio of -19.64 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 issued its quarterly earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the previous year, the business earned $0.19 earnings per share. As a group, equities analysts predict that Under Armour will post 0.3 earnings per share for the current year.

Institutional Trading of Under Armour

A number of institutional investors have recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA purchased a new stake in shares of Under Armour in the fourth quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Under Armour during the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. purchased a new stake in Under Armour in the 4th quarter worth about $40,000. Harbour Investments Inc. lifted its stake in Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock worth $51,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Vident Advisory LLC purchased a new position in shares of Under Armour during the fourth quarter valued at approximately $85,000. 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.

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