Under Armour (NYSE:UAA) Downgraded by StockNews.com to “Sell”

Under Armour (NYSE:UAA) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other equities research analysts have also recently issued reports on UAA. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a report on Thursday, February 6th. Argus downgraded Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. Barclays dropped their price objective on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Finally, UBS Group reduced their target price on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.99.

Under Armour Stock Down 2.9 %

Shares of UAA stock traded down $0.22 during trading on Wednesday, reaching $7.17. The company’s stock had a trading volume of 13,484,602 shares, compared to its average volume of 10,793,834. The company has a market cap of $3.08 billion, a price-to-earnings ratio of -24.71 and a beta of 1.63. Under Armour has a one year low of $6.17 and a one year high of $11.89. The business has a fifty day moving average price of $7.72 and a 200-day moving average price of $8.41. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the prior year, the firm posted $0.19 earnings per share. Analysts anticipate that Under Armour will post 0.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Under Armour by 11.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after purchasing an additional 1,409 shares in the last quarter. MCF Advisors LLC boosted its stake in Under Armour by 7.6% in the fourth quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock valued at $167,000 after buying an additional 1,419 shares in the last quarter. Optas LLC boosted its stake in Under Armour by 5.5% in the fourth quarter. Optas LLC now owns 28,519 shares of the company’s stock valued at $236,000 after buying an additional 1,484 shares in the last quarter. Mariner LLC grew its position in Under Armour by 10.0% in the fourth quarter. Mariner LLC now owns 17,006 shares of the company’s stock valued at $141,000 after acquiring an additional 1,552 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after acquiring an additional 1,800 shares during the last quarter. 34.58% of the stock is owned by institutional investors.

About Under Armour

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.