Under Armour (NYSE:UAA) Stock Rating Lowered by StockNews.com

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

UAA has been the topic of several other research reports. Morgan Stanley reiterated an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research report on Thursday, February 6th. UBS Group lowered their price objective on Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Argus cut shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Finally, Barclays decreased their target price on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Under Armour currently has an average rating of “Hold” and an average target price of $8.99.

Under Armour Stock Down 2.4 %

Under Armour stock opened at $7.02 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The business’s 50-day simple moving average is $7.70 and its two-hundred day simple moving average is $8.41. The company has a market cap of $3.02 billion, a PE ratio of -24.20 and a beta of 1.63. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share 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 quarter in the prior year, the firm posted $0.19 EPS. Equities analysts anticipate that Under Armour will post 0.3 EPS for the current year.

Hedge Funds Weigh In On Under Armour

Hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC purchased a new position in shares of Under Armour in the fourth quarter valued at approximately $412,000. Quantbot Technologies LP lifted its position in shares of Under Armour by 288.1% in the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock valued at $3,772,000 after acquiring an additional 314,226 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Under Armour by 48.1% in the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after acquiring an additional 199,348 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Under Armour by 37.4% in the fourth quarter. SG Americas Securities LLC now owns 158,541 shares of the company’s stock valued at $1,313,000 after acquiring an additional 43,158 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new position in Under Armour during the third quarter worth approximately $1,580,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

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.