Under Armour (NYSE:UAA) Price Target Lowered to $7.00 at Evercore ISI

Under Armour (NYSE:UAA) had its target price lowered by Evercore ISI from $8.00 to $7.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an underperform rating on the stock.

Several other research analysts also recently weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday. Barclays reduced their price objective on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday. Guggenheim reiterated a “neutral” rating on shares of Under Armour in a research report on Friday. UBS Group reduced their price target on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Finally, Truist Financial raised their price target on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.09.

Under Armour Stock Down 0.2 %

UAA opened at $7.29 on Monday. The company has a fifty day moving average of $8.57 and a two-hundred day moving average of $8.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.01. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of -25.12 and a beta of 1.69.

Under Armour (NYSE:UAA) last announced 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 period last year, the firm posted $0.19 earnings per share. On average, research analysts expect that Under Armour will post 0.29 earnings per share for the current year.

Insider Buying and Selling

In other Under Armour news, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the transaction, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mehri Shadman sold 9,639 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the sale, the insider now directly owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Under Armour

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP grew its holdings in shares of Under Armour by 288.1% during the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after purchasing an additional 314,226 shares during the period. China Universal Asset Management Co. Ltd. acquired a new position in Under Armour in the third quarter valued at about $576,000. International Assets Investment Management LLC boosted its stake in Under Armour by 2,413.5% during the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock worth $638,000 after buying an additional 68,786 shares during the period. BNP Paribas Financial Markets increased its position in shares of Under Armour by 48.1% during 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 during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Under Armour by 37.4% in the 4th 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 during the period. Institutional investors and hedge funds 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.