Under Armour (NYSE:UAA) Price Target Lowered to $8.00 at Barclays

Under Armour (NYSE:UAA) had its price objective decreased by Barclays from $11.00 to $8.00 in a research report sent to investors on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other analysts have also recently issued reports on the stock. UBS Group reduced their price target on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a report on Friday. Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a report on Thursday, February 6th. Robert W. Baird lifted their price target on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Argus lowered Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.09.

Under Armour Price Performance

Under Armour stock opened at $7.29 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $8.57 and a 200 day moving average price of $8.48. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The stock has a market cap of $3.15 billion, a P/E ratio of -25.12 and a beta of 1.69.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates 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 previous year, the firm earned $0.19 EPS. Sell-side analysts anticipate that Under Armour will post 0.29 earnings per share for the current year.

Insider Transactions at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the transaction, the insider now directly owns 182,538 shares in the company, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,879 shares of company stock worth $508,642. Company insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UAA. Compagnie Lombard Odier SCmA purchased a new stake in shares of Under Armour during the 4th quarter worth approximately $25,000. Nomura Asset Management Co. Ltd. boosted its position in Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after purchasing an additional 1,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Under Armour in the fourth quarter valued at $27,000. SBI Securities Co. Ltd. purchased a new position in shares of Under Armour in the fourth quarter valued at $40,000. Finally, Harbour Investments Inc. increased its position in shares of Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after buying an additional 5,000 shares in the last quarter. 34.58% of the stock is owned by hedge funds and other 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.