Under Armour, Inc. (NYSE:UAA) Receives Consensus Recommendation of “Reduce” from Brokerages

Under Armour, Inc. (NYSE:UAAGet Free Report) has been given a consensus rating of “Reduce” by the fourteen analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $7.32.

UAA has been the subject of several research analyst reports. Oppenheimer lowered Under Armour from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 23rd. Bank of America lowered their price objective on Under Armour from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, May 17th. BMO Capital Markets lowered their price objective on Under Armour from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, May 17th. BNP Paribas reissued a “neutral” rating on shares of Under Armour in a research report on Thursday, March 14th. Finally, Evercore ISI lowered their price objective on Under Armour from $7.00 to $6.00 and set an “underperform” rating for the company in a research report on Friday, May 17th.

Read Our Latest Analysis on UAA

Under Armour Price Performance

Shares of NYSE:UAA opened at $6.99 on Monday. The firm has a market cap of $3.05 billion, a P/E ratio of 12.94, a P/E/G ratio of 3.54 and a beta of 1.69. The company has a quick ratio of 1.63, a current ratio of 2.46 and a debt-to-equity ratio of 0.28. Under Armour has a 12-month low of $6.18 and a 12-month high of $9.50. The business has a fifty day simple moving average of $6.80 and a 200 day simple moving average of $7.58.

Under Armour (NYSE:UAAGet Free Report) last announced its earnings results on Thursday, May 16th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. Under Armour’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.18 EPS. Analysts predict that Under Armour will post 0.2 earnings per share for the current year.

Under Armour announced that its Board of Directors has approved a stock buyback plan on Thursday, May 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 16.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Under Armour

Several large investors have recently made changes to their positions in the company. Privium Fund Management B.V. grew its stake in shares of Under Armour by 0.8% in the 1st quarter. Privium Fund Management B.V. now owns 222,900 shares of the company’s stock valued at $1,645,000 after buying an additional 1,700 shares during the period. Texas Permanent School Fund Corp boosted its stake in Under Armour by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock valued at $1,216,000 after purchasing an additional 1,746 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in Under Armour by 101.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after purchasing an additional 1,890 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Under Armour by 43.3% during the 4th quarter. Global Retirement Partners LLC now owns 6,769 shares of the company’s stock valued at $59,000 after purchasing an additional 2,044 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Under Armour by 9.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 25,345 shares of the company’s stock valued at $174,000 after purchasing an additional 2,138 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Company Profile

(Get Free Report

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.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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