Under Armour (NYSE:UAA) Price Target Cut to $7.00 by Analysts at Wells Fargo & Company

Under Armour (NYSE:UAA) had its price target cut by Wells Fargo & Company from $8.00 to $7.00 in a research note published on Thursday, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also commented on the company. BNP Paribas reaffirmed a neutral rating on shares of Under Armour in a research note on Thursday, March 14th. Evercore ISI reiterated an underperform rating and issued a $7.00 price objective (down previously from $8.00) on shares of Under Armour in a report on Thursday, March 14th. TheStreet upgraded Under Armour from a d+ rating to a c- rating in a report on Thursday, February 8th. Telsey Advisory Group reiterated a market perform rating and issued a $9.00 price objective on shares of Under Armour in a report on Thursday, March 14th. Finally, Williams Trading reiterated a hold rating and issued a $8.00 price objective on shares of Under Armour in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, Under Armour currently has an average rating of Hold and a consensus price target of $8.55.

Under Armour Stock Performance

NYSE UAA opened at $6.69 on Thursday. The stock’s fifty day moving average is $7.54 and its two-hundred day moving average is $7.74. The firm has a market capitalization of $2.91 billion, a P/E ratio of 7.43, a price-to-earnings-growth ratio of 1.18 and a beta of 1.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.38 and a current ratio of 2.13. Under Armour has a fifty-two week low of $6.29 and a fifty-two week high of $9.50.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.11 by $0.08. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company posted $0.16 EPS. The company’s quarterly revenue was down 6.1% on a year-over-year basis. On average, research analysts anticipate that Under Armour will post 0.52 earnings per share for the current year.

Institutional Trading of Under Armour

Large investors have recently made changes to their positions in the company. Keener Financial Planning LLC acquired a new stake in shares of Under Armour in the 4th quarter valued at about $26,000. Signaturefd LLC boosted its position in shares of Under Armour by 119.2% in the 3rd quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock valued at $28,000 after purchasing an additional 2,224 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of Under Armour by 101.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after purchasing an additional 1,890 shares during the period. Global Retirement Partners LLC boosted its position in shares of Under Armour by 43.3% in the 4th quarter. Global Retirement Partners LLC now owns 6,769 shares of the company’s stock valued at $59,000 after purchasing an additional 2,044 shares during the period. Finally, M&T Bank Corp acquired a new stake in shares of Under Armour in the 4th quarter valued at about $91,000. 34.58% of the stock is owned by institutional investors and hedge funds.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.