Stifel Nicolaus Cuts Under Armour (NYSE:UAA) Price Target to $10.00

Under Armour (NYSE:UAA) had its target price cut by research analysts at Stifel Nicolaus from $11.00 to $10.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 52.91% from the company’s previous close.

UAA has been the topic of a number of other reports. StockNews.com upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. Wells Fargo & Company lifted their price target on shares of Under Armour from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Wednesday. UBS Group lifted their price objective on shares of Under Armour from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Bank of America dropped their price objective on shares of Under Armour from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Barclays dropped their price objective on shares of Under Armour from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Monday. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.24.

Under Armour Stock Performance

Shares of NYSE UAA opened at $6.54 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The company has a market cap of $2.81 billion, a P/E ratio of -22.55 and a beta of 1.54. The firm’s fifty day moving average is $6.02 and its two-hundred day moving average is $7.63. Under Armour has a 52-week low of $4.78 and a 52-week high of $11.89.

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

Hedge Funds Weigh In On Under Armour

A number of large investors have recently made changes to their positions in UAA. Compagnie Lombard Odier SCmA purchased a new position in shares of Under Armour during the 4th quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Under Armour in the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. purchased a new stake in Under Armour in the 4th quarter valued at about $40,000. Twin Tree Management LP purchased a new stake in Under Armour in the 1st quarter valued at about $44,000. Finally, Harbour Investments Inc. boosted its position in Under Armour by 438.2% in the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after buying an additional 5,000 shares during the period. 34.58% of the stock is owned by hedge funds and other institutional investors.

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.