Barclays Issues Pessimistic Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its target price dropped by analysts at Barclays from $8.00 to $6.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential downside of 3.15% from the company’s previous close.

UAA has been the subject of a number of other reports. UBS Group raised their price target on Under Armour from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Evercore ISI cut their price target on Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a report on Monday, February 10th. KGI Securities initiated coverage on shares of Under Armour in a report on Friday, March 7th. They set a “neutral” rating and a $7.40 price objective on the stock. Argus cut shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $7.87.

Under Armour Stock Performance

UAA traded up $0.36 during trading on Monday, reaching $6.20. 28,855,561 shares of the company’s stock were exchanged, compared to its average volume of 12,549,200. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $6.08 and a 200 day moving average price of $7.68. Under Armour has a fifty-two week low of $4.78 and a fifty-two week high of $11.89. The company has a market capitalization of $2.66 billion, a P/E ratio of -21.36 and a beta of 1.54.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter in the previous year, the business earned $0.19 EPS. As a group, analysts predict that Under Armour will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Under Armour

A number of hedge funds have recently modified their holdings of UAA. FMR LLC lifted its position in Under Armour by 193.2% during the 4th quarter. FMR LLC now owns 28,317,951 shares of the company’s stock valued at $234,473,000 after acquiring an additional 18,658,128 shares during the period. Alyeska Investment Group L.P. raised its holdings in Under Armour by 55.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after buying an additional 3,503,006 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new position in shares of Under Armour in the fourth quarter worth approximately $28,249,000. American Century Companies Inc. lifted its stake in shares of Under Armour by 160.5% in the fourth quarter. American Century Companies Inc. now owns 4,013,671 shares of the company’s stock worth $33,233,000 after buying an additional 2,472,813 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Under Armour during the fourth quarter valued at approximately $11,151,000. Institutional investors own 34.58% of the company’s stock.

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.