Under Armour Inc. (NYSE:UA) had its price objective dropped by equities research analysts at Stifel Nicolaus from $33.00 to $28.00 in a research note issued to investors on Monday. The brokerage presently has a “hold” rating on the apparel retailer’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 8.50% from the company’s current price.

UA has been the topic of several other reports. Canaccord Genuity restated a “buy” rating and set a $65.00 price target on shares of Under Armour in a research report on Sunday, September 11th. Robert W. Baird reiterated an “outperform” rating and set a $40.00 price objective (down previously from $55.00) on shares of Under Armour in a research note on Sunday, October 23rd. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Under Armour in a research note on Wednesday, September 28th. Buckingham Research reiterated a “buy” rating and set a $48.00 price objective on shares of Under Armour in a research note on Wednesday, October 26th. Finally, William Blair reiterated an “outperform” rating on shares of Under Armour in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Under Armour presently has an average rating of “Buy” and a consensus target price of $46.68.

Analyst Recommendations for Under Armour (NYSE:UA)

Under Armour (NYSE:UA) opened at 30.60 on Monday. Under Armour has a 52 week low of $30.06 and a 52 week high of $47.95. The company has a market cap of $13.41 billion, a P/E ratio of 68.00 and a beta of 0.16. The firm has a 50-day moving average price of $33.66 and a 200-day moving average price of $37.93.

Under Armour (NYSE:UA) last released its quarterly earnings results on Tuesday, October 25th. The apparel retailer reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Under Armour had a return on equity of 14.60% and a net margin of 5.53%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company posted $0.45 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. Equities research analysts anticipate that Under Armour will post $0.60 EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. HL Financial Services LLC boosted its stake in Under Armour by 2.1% in the second quarter. HL Financial Services LLC now owns 5,213 shares of the apparel retailer’s stock worth $209,000 after buying an additional 105 shares during the last quarter. Mirador Capital Partners LP boosted its stake in Under Armour by 0.5% in the third quarter. Mirador Capital Partners LP now owns 28,811 shares of the apparel retailer’s stock worth $1,114,000 after buying an additional 155 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in Under Armour by 1.0% in the second quarter. HighPoint Advisor Group LLC now owns 18,746 shares of the apparel retailer’s stock worth $737,000 after buying an additional 194 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Under Armour by 1.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,570 shares of the apparel retailer’s stock worth $946,000 after buying an additional 376 shares during the last quarter. Finally, Lincoln National Corp boosted its stake in Under Armour by 5.2% in the third quarter. Lincoln National Corp now owns 8,153 shares of the apparel retailer’s stock worth $316,000 after buying an additional 400 shares during the last quarter. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Company Profile

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

5 Day Chart for NYSE:UA

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