Wells Fargo & Company Lowers Under Armour (NYSE:UAA) Price Target to $7.00

Under Armour (NYSE:UAA) had its price target reduced by research analysts at Wells Fargo & Company from $8.00 to $7.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 3.02% from the company’s current price.

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

Under Armour Stock Up 1.6 %

Shares of UAA stock opened at $6.80 on Thursday. The firm has a fifty day moving average of $7.54 and a 200-day moving average of $7.74. The company has a quick ratio of 1.38, a current ratio of 2.13 and a debt-to-equity ratio of 0.27. Under Armour has a 12-month low of $6.29 and a 12-month high of $9.50. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 7.55, a P/E/G ratio of 1.18 and a beta of 1.64.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The firm’s revenue was down 6.1% compared to the same quarter last year. As a group, equities research analysts predict that Under Armour will post 0.52 earnings per share for the current fiscal year.

Institutional Trading of Under Armour

A number of large investors have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its stake in Under Armour by 101.1% in the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after acquiring an additional 1,890 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Under Armour by 43.3% in the fourth quarter. Global Retirement Partners LLC now owns 6,769 shares of the company’s stock valued at $59,000 after acquiring an additional 2,044 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Under Armour by 9.2% in the third quarter. PNC Financial Services Group Inc. now owns 25,345 shares of the company’s stock valued at $174,000 after acquiring an additional 2,138 shares during the last quarter. Signaturefd LLC lifted its stake in Under Armour by 119.2% in the third quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock valued at $28,000 after acquiring an additional 2,224 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in Under Armour by 6.3% in the fourth quarter. Raymond James & Associates now owns 38,387 shares of the company’s stock valued at $337,000 after acquiring an additional 2,281 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Company Profile

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.