UBS Group Lowers Under Armour (NYSE:UAA) Price Target to $7.50

Under Armour (NYSE:UAA) had its price objective cut by investment analysts at UBS Group from $8.00 to $7.50 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 49.40% from the stock’s previous close.

Several other equities analysts have also recently issued reports on UAA. Citigroup reduced their price objective on Under Armour from $6.00 to $5.50 and set a “neutral” rating for the company in a report on Monday. Stifel Nicolaus cut their price target on Under Armour from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, May 14th. The Goldman Sachs Group began coverage on shares of Under Armour in a research note on Wednesday, July 2nd. They issued a “neutral” rating and a $7.00 price objective on the stock. Bank of America dropped their target price on shares of Under Armour from $8.00 to $6.50 and set a “neutral” rating for the company in a report on Monday. Finally, Barclays reduced their price target on shares of Under Armour from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, May 12th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Under Armour presently has an average rating of “Hold” and an average target price of $6.74.

Under Armour Price Performance

Shares of NYSE UAA opened at $5.02 on Monday. The firm has a market capitalization of $2.16 billion, a P/E ratio of 22.82, a PEG ratio of 0.77 and a beta of 1.61. Under Armour has a one year low of $4.78 and a one year high of $11.89. The company’s fifty day moving average is $6.75 and its two-hundred day moving average is $6.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.93 and a current ratio of 1.53.

Under Armour (NYSE:UAA) last issued its earnings results on Friday, August 8th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Under Armour had a return on equity of 7.24% and a net margin of 1.99%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. Analysts forecast that Under Armour will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of Under Armour stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the completion of the sale, the insider owned 191,796 shares of the company’s stock, valued at $1,177,627.44. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 15.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Under Armour

Several large investors have recently added to or reduced their stakes in UAA. JPMorgan Chase & Co. increased its stake in shares of Under Armour by 36.5% during the 4th quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company’s stock valued at $4,591,000 after acquiring an additional 148,280 shares during the last quarter. Geode Capital Management LLC grew its holdings in Under Armour by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,890,105 shares of the company’s stock valued at $23,940,000 after purchasing an additional 9,024 shares during the period. Envestnet Asset Management Inc. grew its holdings in Under Armour by 183.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 35,689 shares of the company’s stock valued at $296,000 after purchasing an additional 23,111 shares during the period. Raymond James Financial Inc. acquired a new position in Under Armour during the fourth quarter worth approximately $439,000. Finally, Rockefeller Capital Management L.P. raised its stake in Under Armour by 10.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 127,071 shares of the company’s stock worth $1,052,000 after purchasing an additional 11,624 shares during the period. 34.58% of the stock is currently 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.