Under Armour (NYSE:UAA) Given New $7.50 Price Target at UBS Group

Key Points

• UBS Group has lowered its price target for Under Armour (NYSE:UAA) from $8.00 to $7.50 while maintaining a "buy" rating, indicating a potential upside of 37.11% from the last closing price.
• Several analysts have expressed mixed sentiments towards Under Armour, with four rating it a sell, thirteen a hold, and three a buy, leading to an average price target of $6.74.
• Under Armour's recent quarterly earnings report revealed a net margin of 1.99% and a year-over-year revenue decline of 4.2%, with earnings per share falling short of analyst expectations.

Under Armour (NYSE:UAA - Free Report) had its price objective reduced by UBS Group from $8.00 to $7.50 in a research note published on Monday, Marketbeat.com reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Needham & Company LLC restated a "hold" rating on shares of Under Armour in a report on Wednesday, May 14th. Telsey Advisory Group dropped their price objective on shares of Under Armour from $7.00 to $5.00 and set a "market perform" rating on the stock in a report on Monday. Stifel Nicolaus lowered their target price on shares of Under Armour from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Wells Fargo & Company upped their target price on shares of Under Armour from $4.00 to $5.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Robert W. Baird lowered their target price on shares of Under Armour from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $6.74.

Under Armour Stock Up 0.4%

Shares of UAA stock traded up $0.02 on Monday, hitting $5.05. The company's stock had a trading volume of 23,246,915 shares, compared to its average volume of 12,786,790. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93. Under Armour has a fifty-two week low of $4.78 and a fifty-two week high of $11.89. The firm's fifty day moving average price is $6.72 and its 200-day moving average price is $6.62. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 1.85 and a beta of 1.61.

Under Armour (NYSE:UAA - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Under Armour had a return on equity of 7.24% and a net margin of 1.99%. The business's revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 EPS. Research analysts anticipate that Under Armour will post 0.3 EPS for the current year.

Insider Buying and Selling at Under Armour

In related news, insider Mehri Shadman sold 16,287 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the sale, the insider directly owned 191,796 shares of the company's stock, valued at $1,177,627.44. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 15.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Under Armour

Institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp raised its stake in shares of Under Armour by 18.9% during the fourth quarter. Northern Trust Corp now owns 1,729,796 shares of the company's stock worth $14,323,000 after buying an additional 275,131 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Under Armour by 36.5% in the fourth quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company's stock valued at $4,591,000 after purchasing an additional 148,280 shares in the last quarter. Eisler Capital Management Ltd. bought a new stake in Under Armour in the fourth quarter valued at approximately $2,514,000. Alyeska Investment Group L.P. increased its stake in Under Armour by 55.7% in the fourth 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. Finally, Vontobel Holding Ltd. bought a new stake in Under Armour in the first quarter valued at approximately $623,000. 34.58% of the stock is 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.