Under Armour Inc (UAA) Given Underperform Rating at FBR & Co

Under Armour Inc (NYSE:UAA)‘s stock had its “underperform” rating reaffirmed by equities researchers at FBR & Co in a report released on Friday, April 14th. They presently have a $14.00 price target on the stock. FBR & Co’s price objective suggests a potential downside of 25.89% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. B. Riley reiterated a “neutral” rating and issued a $22.00 target price on shares of Under Armour in a research report on Monday, February 6th. Canaccord Genuity set a $44.00 price objective on shares of Under Armour and gave the stock a “buy” rating in a research report on Sunday, January 15th. Susquehanna Bancshares Inc cut shares of Under Armour in a research report on Monday, February 20th. Raymond James Financial, Inc. cut shares of Under Armour from a “mkt perform” rating to an “underperform” rating in a research report on Tuesday, January 31st. Finally, Evercore ISI cut shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. Seven research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $26.71.

Analyst Recommendations for Under Armour (NYSE:UAA)

Shares of Under Armour (NYSE:UAA) traded up 1.138% during midday trading on Friday, hitting $19.105. 4,609,183 shares of the company traded hands. The company has a 50-day moving average price of $20.00 and a 200-day moving average price of $24.88. The stock has a market capitalization of $8.41 billion and a P/E ratio of 48.245. Under Armour has a 52 week low of $18.35 and a 52 week high of $44.68.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, April 27th. The company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Analysts anticipate that Under Armour will post $0.42 earnings per share for the current fiscal year.

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In other Under Armour news, insider Kerry D. Chandler sold 5,921 shares of Under Armour stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $21.38, for a total value of $126,590.98. Following the transaction, the insider now directly owns 12,803 shares of the company’s stock, valued at approximately $273,728.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William R. Mcdermott sold 4,799 shares of Under Armour stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $21.40, for a total value of $102,698.60. Following the completion of the transaction, the director now directly owns 59,657 shares in the company, valued at $1,276,659.80. The disclosure for this sale can be found here. Insiders sold a total of 15,519 shares of company stock worth $331,652 over the last three months.

Under Armour Company Profile

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

5 Day Chart for NYSE:UAA

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