Under Armour’s (UAA) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Under Armour (NYSE:UAA) in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a $7.00 price target on the stock.

Other equities analysts have also issued research reports about the stock. Citigroup cut their price objective on shares of Under Armour from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Evercore ISI cut their price objective on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research report on Monday, February 10th. Barclays cut their price objective on shares of Under Armour from $8.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. Finally, Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Under Armour has a consensus rating of “Hold” and an average price target of $7.87.

Under Armour Stock Up 1.1%

Shares of NYSE UAA opened at $6.28 on Tuesday. Under Armour has a 12-month low of $4.78 and a 12-month high of $11.89. The company has a market capitalization of $2.70 billion, a PE ratio of -21.66 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. The firm’s 50-day moving average is $6.05 and its two-hundred day moving average is $7.65.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.16 billion. Equities analysts anticipate that Under Armour will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Under Armour

Several large investors have recently made changes to their positions in the business. FMR LLC increased its position in shares of Under Armour by 193.2% in the fourth quarter. FMR LLC now owns 28,317,951 shares of the company’s stock worth $234,473,000 after acquiring an additional 18,658,128 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Under Armour by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock worth $128,741,000 after acquiring an additional 263,988 shares in the last quarter. Alyeska Investment Group L.P. increased its position in shares of Under Armour by 55.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after acquiring an additional 3,503,006 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Under Armour by 10.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,528,935 shares of the company’s stock worth $45,780,000 after acquiring an additional 533,417 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Under Armour by 36.2% in the first quarter. American Century Companies Inc. now owns 5,465,814 shares of the company’s stock worth $34,161,000 after acquiring an additional 1,452,143 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

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.