Under Armour (NYSE:UAA) Stock Price Down 5% - Should You Sell?

Under Armour, Inc. (NYSE:UAA - Get Free Report)'s share price was down 5% during trading on Wednesday . The company traded as low as $7.11 and last traded at $7.01. Approximately 742,375 shares were traded during trading, a decline of 93% from the average daily volume of 10,728,731 shares. The stock had previously closed at $7.38.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on UAA shares. KGI Securities started coverage on Under Armour in a report on Friday, March 7th. They set a "neutral" rating and a $7.40 price target for the company. UBS Group lowered their price target on Under Armour from $16.00 to $15.00 and set a "buy" rating for the company in a report on Tuesday, January 28th. Barclays lowered their price target on Under Armour from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. StockNews.com cut Under Armour from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Evercore ISI lowered their target price on Under Armour from $8.00 to $7.00 and set an "underperform" rating for the company in a report on Monday, February 10th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $9.06.

Under Armour Trading Down 4.6 %

The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average of $7.64 and a 200 day moving average of $8.38. The company has a market cap of $2.89 billion, a P/E ratio of -23.19 and a beta of 1.63.

Under Armour (NYSE:UAA - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate 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 quarter last year, the business posted $0.19 EPS. On average, analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its stake in Under Armour by 421.4% during the 4th quarter. Mackenzie Financial Corp now owns 53,241 shares of the company's stock worth $441,000 after buying an additional 43,029 shares during the period. Vise Technologies Inc. raised its stake in Under Armour by 13.7% during the 4th quarter. Vise Technologies Inc. now owns 36,365 shares of the company's stock worth $301,000 after buying an additional 4,371 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Under Armour by 279.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,727,901 shares of the company's stock worth $14,307,000 after buying an additional 1,273,129 shares during the period. Woodline Partners LP raised its stake in Under Armour by 50.2% during the 4th quarter. Woodline Partners LP now owns 369,655 shares of the company's stock worth $3,061,000 after buying an additional 123,499 shares during the period. Finally, Vident Advisory LLC acquired a new position in Under Armour during the 4th quarter worth approximately $85,000. 34.58% of the stock is owned by institutional investors and hedge funds.

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.