Under Armour (NYSE:UAA) Shares Down 16.9% – Should You Sell?

Under Armour, Inc. (NYSE:UAA) traded down 16.9% on Thursday . The stock traded as low as $5.55 and last traded at $5.48. 5,247,918 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 11,217,434 shares. The stock had previously closed at $6.60.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays reduced their price target 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. KGI Securities initiated coverage on Under Armour in a research note on Friday, March 7th. They issued a “neutral” rating and a $7.40 price target for the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a report on Thursday, February 6th. TD Cowen increased their price target on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Finally, Argus cut Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.06.

Under Armour Price Performance

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 has a market cap of $2.33 billion, a P/E ratio of -18.72 and a beta of 1.63. The company’s 50-day moving average is $7.18 and its two-hundred day moving average is $8.28.

Under Armour (NYSE:UAA) last announced its quarterly earnings data 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 negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the previous year, the business earned $0.19 EPS. Sell-side analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Institutional Trading of Under Armour

Several institutional investors and hedge funds have recently modified their holdings of the business. Compagnie Lombard Odier SCmA acquired a new position in Under Armour during the fourth quarter worth about $25,000. Nomura Asset Management Co. Ltd. increased its holdings in Under Armour by 163.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after purchasing an additional 1,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in 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 valued at 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 purchasing an additional 5,000 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors.

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.