Stifel Nicolaus Cuts Under Armour (NYSE:UAA) Price Target to $11.00

Under Armour (NYSE:UAA) had its price target dropped by equities research analysts at Stifel Nicolaus from $13.00 to $11.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 114.84% from the stock’s current price.

UAA has been the topic of a number of other research reports. Barclays cut their target price on Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research note on Thursday, February 6th. Argus downgraded Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. 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. Finally, Evercore ISI cut their target price on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.12.

Under Armour Trading Down 9.1 %

Shares of NYSE UAA traded down $0.51 during midday trading on Thursday, reaching $5.12. 4,157,112 shares of the stock were exchanged, compared to its average volume of 11,716,699. The stock has a market capitalization of $2.20 billion, a P/E ratio of -17.72 and a beta of 1.49. Under Armour has a twelve month low of $4.78 and a twelve month high of $11.89. 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 company has a 50 day simple moving average of $6.75 and a 200 day simple moving average of $8.15.

Under Armour (NYSE:UAA) last announced its earnings results 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 last year, the firm earned $0.19 earnings per share. As a group, equities analysts expect that Under Armour will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Under Armour

Large investors have recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new stake in Under Armour in the 4th quarter valued at $25,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after buying an additional 1,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Under Armour in the fourth quarter valued at about $27,000. SBI Securities Co. Ltd. acquired a new stake in shares of Under Armour during the fourth quarter worth about $40,000. Finally, Harbour Investments Inc. grew its holdings in shares of Under Armour by 438.2% during the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock worth $51,000 after buying an additional 5,000 shares during the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

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.