Under Armour (NYSE:UAA) Price Target Cut to $10.00 by Analysts at Stifel Nicolaus

Under Armour (NYSE:UAA) had its price objective lowered by Stifel Nicolaus from $11.00 to $10.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. Barclays decreased their price objective on Under Armour from $8.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price objective on shares of Under Armour in a research report on Tuesday. Evercore ISI lowered their target price on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a report on Monday, February 10th. UBS Group boosted their price target on shares of Under Armour from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Finally, KGI Securities started coverage on shares of Under Armour in a research report on Friday, March 7th. They issued a “neutral” rating and a $7.40 price objective for the company. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.24.

Under Armour Stock Performance

Shares of Under Armour stock opened at $6.27 on Wednesday. The firm’s fifty day simple moving average is $6.03 and its 200-day simple moving average is $7.64. Under Armour has a 12 month low of $4.78 and a 12 month high of $11.89. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of -21.62 and a beta of 1.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. As a group, equities analysts forecast that Under Armour will post 0.3 earnings per share for the current year.

Hedge Funds Weigh In On Under Armour

Hedge funds have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA acquired a new stake in shares of Under Armour in the fourth quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Under Armour during the 4th quarter worth about $27,000. SBI Securities Co. Ltd. purchased a new stake in Under Armour during the 4th quarter worth about $40,000. Harbour Investments Inc. raised its stake in Under Armour by 438.2% in the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in Under Armour in the 1st quarter valued at about $66,000. 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.