Under Armour (NYSE:UAA) Price Target Lowered to $6.00 at Barclays

Under Armour (NYSE:UAA) had its price target reduced by equities research analysts at Barclays from $8.00 to $6.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential downside of 4.46% from the stock’s previous close.

UAA has been the topic of a number of other reports. Guggenheim restated a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Evercore ISI dropped their price target on Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research report on Monday, February 10th. UBS Group increased their price objective on Under Armour from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Stifel Nicolaus dropped their target price on Under Armour from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Argus cut Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.87.

Under Armour Trading Up 1.1%

NYSE:UAA opened at $6.28 on Monday. The company has a market capitalization of $2.70 billion, a PE ratio of -21.66 and a beta of 1.54. Under Armour has a 52-week low of $4.78 and a 52-week high of $11.89. The stock’s 50 day moving average price is $6.05 and its 200 day moving average price is $7.65. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. On average, research analysts anticipate that Under Armour will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new stake in shares of Under Armour during the 4th quarter valued at approximately $412,000. Teacher Retirement System of Texas purchased a new position in Under Armour in the 4th quarter valued at approximately $313,000. Fox Run Management L.L.C. raised its holdings in Under Armour by 215.1% during the fourth quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company’s stock worth $568,000 after purchasing an additional 46,828 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Under Armour by 11.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company’s stock worth $11,853,000 after purchasing an additional 150,958 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Under Armour by 36.5% in the fourth quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company’s stock valued at $4,591,000 after purchasing an additional 148,280 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.