Under Armour (NYSE:UAA) had its target price reduced by equities research analysts at B. Riley from $10.00 to $9.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The brokerage currently has a “sell” rating on the stock. B. Riley’s price target points to a potential downside of 5.46% from the stock’s current price.

Other research analysts also recently issued reports about the company. Consumer Edge initiated coverage on Under Armour in a report on Friday, December 27th. They set an “equal weight” rating and a $23.00 target price on the stock. BMO Capital Markets initiated coverage on Under Armour in a report on Monday, February 3rd. They set an “underperform” rating and a $18.00 target price on the stock. Piper Jaffray Companies downgraded Under Armour to a “neutral” rating in a report on Wednesday, February 12th. Goldman Sachs Group downgraded Under Armour from a “buy” rating to a “neutral” rating and cut their target price for the stock from $21.00 to $9.00 in a report on Wednesday. Finally, Wells Fargo & Co cut their target price on Under Armour from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, March 16th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.86.

Shares of UAA traded up $0.23 on Thursday, reaching $9.52. 1,228,396 shares of the stock traded hands, compared to its average volume of 7,984,615. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 45.34, a P/E/G ratio of 4.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.90 and a quick ratio of 1.27. Under Armour has a 12 month low of $7.61 and a 12 month high of $27.72. The stock’s 50-day moving average price is $13.97 and its 200-day moving average price is $18.41.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Under Armour had a return on equity of 7.18% and a net margin of 1.75%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the business posted $0.09 earnings per share. Under Armour’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts forecast that Under Armour will post 0.09 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. Macquarie Group Ltd. lifted its position in Under Armour by 372.1% during the fourth quarter. Macquarie Group Ltd. now owns 10,858 shares of the company’s stock valued at $235,000 after acquiring an additional 8,558 shares during the last quarter. TFG Advisers LLC acquired a new position in shares of Under Armour during the fourth quarter valued at $44,000. Nuveen Asset Management LLC lifted its stake in shares of Under Armour by 118.8% during the fourth quarter. Nuveen Asset Management LLC now owns 6,652,742 shares of the company’s stock valued at $143,699,000 after acquiring an additional 3,612,322 shares during the period. Norges Bank acquired a new position in shares of Under Armour during the fourth quarter valued at $49,728,000. Finally, Verus Capital Partners LLC acquired a new position in shares of Under Armour during the fourth quarter valued at $257,000. 39.65% of the stock is currently owned by institutional investors.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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