Under Armour (NYSE:UAA) Earns “Market Perform” Rating from Telsey Advisory Group

Under Armour (NYSE:UAA)‘s stock had its “market perform” rating reaffirmed by research analysts at Telsey Advisory Group in a note issued to investors on Monday, Benzinga reports. They presently have a $8.00 price target on the stock. Telsey Advisory Group’s price target indicates a potential downside of 6.10% from the stock’s current price.

UAA has been the subject of a number of other reports. BMO Capital Markets increased their target price on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Barclays lifted their price objective on Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Argus upgraded Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Stifel Nicolaus lifted their price target on shares of Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, UBS Group boosted their price objective on shares of Under Armour from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.93.

Under Armour Price Performance

Shares of Under Armour stock opened at $8.52 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. Under Armour has a one year low of $6.17 and a one year high of $9.58. The business’s 50 day simple moving average is $8.33 and its two-hundred day simple moving average is $7.44. The stock has a market capitalization of $3.68 billion, a P/E ratio of -47.33, a price-to-earnings-growth ratio of 4.16 and a beta of 1.66.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The firm’s revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 EPS. Analysts forecast that Under Armour will post 0.21 EPS for the current year.

Institutional Investors Weigh In On Under Armour

Several hedge funds have recently added to or reduced their stakes in UAA. Allspring Global Investments Holdings LLC bought a new position in shares of Under Armour during the third quarter valued at $56,000. Optas LLC purchased a new stake in Under Armour during the 2nd quarter valued at about $72,000. CWM LLC increased its stake in Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after purchasing an additional 1,409 shares in the last quarter. Koss Olinger Consulting LLC bought a new stake in Under Armour during the 2nd quarter valued at about $79,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Under Armour in the second quarter worth about $80,000. 34.58% of the stock is owned by 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.