Brokerages Set Under Armour, Inc. (NYSE:UAA) Target Price at $8.65

Shares of Under Armour, Inc. (NYSE:UAA) have been assigned a consensus rating of “Reduce” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $8.65.

UAA has been the subject of several recent analyst reports. BNP Paribas restated a “neutral” rating on shares of Under Armour in a research note on Thursday, March 14th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $9.00 price target on shares of Under Armour in a report on Thursday, March 14th. Evercore ISI reaffirmed an “underperform” rating and issued a $7.00 price target (down previously from $8.00) on shares of Under Armour in a report on Thursday, March 14th. TheStreet raised shares of Under Armour from a “d+” rating to a “c-” rating in a report on Thursday, February 8th. Finally, Williams Trading reaffirmed a “hold” rating and issued a $8.00 price target on shares of Under Armour in a report on Thursday, March 14th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Keener Financial Planning LLC purchased a new position in shares of Under Armour during the fourth quarter worth $26,000. West Tower Group LLC purchased a new position in shares of Under Armour during the second quarter worth $28,000. Signaturefd LLC raised its holdings in shares of Under Armour by 119.2% during the third quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock worth $28,000 after purchasing an additional 2,224 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Under Armour during the fourth quarter worth $30,000. Finally, Quarry LP purchased a new position in shares of Under Armour during the first quarter worth $32,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Price Performance

Shares of UAA opened at $6.82 on Wednesday. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 1.19 and a beta of 1.64. Under Armour has a twelve month low of $6.29 and a twelve month high of $9.50. The company has a quick ratio of 1.38, a current ratio of 2.13 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $7.88 and a two-hundred day moving average of $7.74.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, February 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. Under Armour’s revenue was down 6.1% compared to the same quarter last year. During the same period last year, the firm earned $0.16 earnings per share. As a group, analysts predict that Under Armour will post 0.52 earnings per share for the current fiscal year.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.