Under Armour (NYSE:UAA) Given Market Perform Rating at Telsey Advisory Group

Under Armour (NYSE:UAA)‘s stock had its “market perform” rating restated by research analysts at Telsey Advisory Group in a research report issued on Tuesday,Benzinga reports. They presently have a $7.00 price target on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 11.64% from the company’s current price.

A number of other research firms also recently weighed in on UAA. StockNews.com raised Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. Stifel Nicolaus reduced their price target on Under Armour from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Guggenheim reaffirmed a “neutral” rating on shares of Under Armour in a research report on Friday, February 7th. Citigroup cut their price objective on Under Armour from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Finally, Wells Fargo & Company cut their price objective on Under Armour from $7.00 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Under Armour currently has an average rating of “Hold” and a consensus price target of $7.24.

Under Armour Stock Performance

NYSE:UAA opened at $6.27 on Tuesday. Under Armour has a twelve month low of $4.78 and a twelve month high of $11.89. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $6.03 and a two-hundred day moving average price of $7.64. The company has a market cap of $2.70 billion, a P/E ratio of -21.62 and a beta of 1.54.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. As a group, analysts expect that Under Armour will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Under Armour

Hedge funds have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA acquired a new stake in Under Armour during the 4th quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Under Armour during the 4th quarter worth $27,000. SBI Securities Co. Ltd. bought a new position in Under Armour during the 4th quarter worth $40,000. Harbour Investments Inc. increased its position in Under Armour by 438.2% during the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock worth $51,000 after buying an additional 5,000 shares during the period. Finally, Cerity Partners LLC bought a new position in shares of Under Armour in the first quarter worth $66,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

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.