Under Armour (NYSE:UAA) Reaches New 52-Week Low – Here’s Why

Under Armour, Inc. (NYSE:UAA) hit a new 52-week low during trading on Monday . The stock traded as low as $4.82 and last traded at $4.91, with a volume of 1189749 shares trading hands. The stock had previously closed at $5.26.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UAA. 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. KGI Securities assumed coverage on Under Armour in a research note on Friday, March 7th. They issued a “neutral” rating and a $7.40 price objective on the stock. Argus cut Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Guggenheim restated a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Finally, TD Cowen upped their price objective on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.06.

Under Armour Trading Down 0.4 %

The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -18.10 and a beta of 1.49. 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 business has a 50 day simple moving average of $7.05 and a 200-day simple moving average of $8.25.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company earned $0.19 EPS. As a group, equities analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Under Armour

Several hedge funds have recently added to or reduced their stakes in UAA. Nomura Asset Management Co. Ltd. raised its position 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 purchasing an additional 1,800 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in shares of Under Armour in the fourth quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Under Armour during the fourth quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new stake in Under Armour during the 4th quarter worth approximately $40,000. Finally, Harbour Investments Inc. grew its holdings in Under Armour by 438.2% in the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after buying an additional 5,000 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.