Under Armour (NYSE:UAA) Rating Lowered to Market Perform at William Blair

Under Armour (NYSE:UAAGet Free Report) was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports.

A number of other equities analysts have also issued reports on UAA. Citigroup lowered their price target on Under Armour from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Telsey Advisory Group lowered their target price on Under Armour from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Friday, May 10th. BNP Paribas restated a “neutral” rating on shares of Under Armour in a research note on Thursday, March 14th. Williams Trading reiterated a “hold” rating and issued a $8.00 price objective on shares of Under Armour in a research report on Thursday, March 14th. Finally, TheStreet upgraded shares of Under Armour from a “d+” rating to a “c-” rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.45.

Check Out Our Latest Analysis on UAA

Under Armour Price Performance

Shares of NYSE UAA opened at $6.78 on Thursday. The stock has a market cap of $2.95 billion, a P/E ratio of 12.56, a P/E/G ratio of 3.47 and a beta of 1.63. Under Armour has a twelve month low of $6.18 and a twelve month high of $9.50. The stock has a 50 day moving average of $6.96 and a two-hundred day moving average of $7.71. The company has a current ratio of 2.46, a quick ratio of 1.38 and a debt-to-equity ratio of 0.28.

Under Armour (NYSE:UAAGet Free Report) last announced its earnings results on Thursday, May 16th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Under Armour had a net margin of 4.19% and a return on equity of 11.95%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. On average, research analysts forecast that Under Armour will post 0.2 earnings per share for the current year.

Institutional Trading of Under Armour

A number of institutional investors have recently added to or reduced their stakes in UAA. iA Global Asset Management Inc. increased its holdings in Under Armour by 28.2% in the first quarter. iA Global Asset Management Inc. now owns 53,946 shares of the company’s stock valued at $398,000 after buying an additional 11,879 shares in the last quarter. Lumbard & Kellner LLC purchased a new position in Under Armour in the 1st quarter valued at approximately $3,394,000. Innealta Capital LLC increased its stake in Under Armour by 24.7% in the 1st quarter. Innealta Capital LLC now owns 14,238 shares of the company’s stock valued at $105,000 after purchasing an additional 2,819 shares in the last quarter. Jane Street Group LLC raised its holdings in Under Armour by 40.5% during the first quarter. Jane Street Group LLC now owns 562,031 shares of the company’s stock worth $4,148,000 after purchasing an additional 162,013 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Under Armour by 27.2% during the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock worth $28,712,000 after purchasing an additional 831,202 shares in the last quarter. Hedge funds and other institutional investors own 34.58% of the company’s stock.

About Under Armour

(Get Free Report)

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.

Read More

Analyst Recommendations for Under Armour (NYSE:UAA)

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.