Under Armour (NYSE:UAA) Stock Gets Price Target Trim from Telsey Advisory Group

Under Armour (NYSE:UAA) had its price target reduced by Telsey Advisory Group from $5.50 to $5.00 in a report issued on Monday,Benzinga reports. They currently have a market perform rating on the stock.

Other analysts also recently issued reports about the company. Morgan Stanley set a $4.00 target price on Under Armour and gave the company an “equal weight” rating in a research report on Thursday, September 10th. Barclays cut Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research report on Tuesday, August 11th. UBS Group reaffirmed a “buy” rating and issued a $8.00 price target (down from $9.00) on shares of Under Armour in a research note on Wednesday, October 28th. Truist Financial upped their price objective on shares of Under Armour from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Monday, August 10th. Finally, Weiss Ratings raised shares of Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Under Armour has a consensus rating of “Hold” and a consensus price target of $5.80.

Under Armour Trading Down 2.6%

Shares of NYSE:UAA opened at $5.03 on Monday. The company has a market capitalization of $2.16 billion, a P/E ratio of -4.53, a P/E/G ratio of 2.03 and a beta of 1.58. Under Armour has a 1 year low of $4.13 and a 1 year high of $8.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.95 and a quick ratio of 1.01. The business’s 50 day simple moving average is $4.90 and its 200 day simple moving average is $5.91.

Institutional Investors Weigh In On Under Armour

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fulcrum Asset Management LLP bought a new position in shares of Under Armour in the 3rd quarter valued at $26,000. Versant Capital Management Inc lifted its position in shares of Under Armour by 94.1% during the 3rd quarter. Versant Capital Management Inc now owns 6,155 shares of the company’s stock worth $27,000 after buying an additional 2,984 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Under Armour by 134.5% in the third quarter. Farther Finance Advisors LLC now owns 7,061 shares of the company’s stock valued at $31,000 after buying an additional 4,050 shares in the last quarter. Fortitude Family Office LLC boosted its stake in Under Armour by 2,744.0% in the third quarter. Fortitude Family Office LLC now owns 7,821 shares of the company’s stock valued at $35,000 after buying an additional 7,546 shares in the last quarter. Finally, Csenge Advisory Group bought a new position in Under Armour in the third quarter valued at about $45,000. 34.58% of the stock is currently owned by institutional investors.

About Under Armour

Under Armour, Inc. develops, markets and sells performance apparel, footwear and accessories. Its products are designed for athletic training, competition and everyday use, and include technical apparel, running and training shoes, sports accessories and connected fitness offerings. Founded in 1996 by Kevin Plank, the company built its early business around moisture-wicking performance apparel. Under Armour sells products through wholesale partners and its own direct-to-consumer channels, including retail stores and e-commerce.