Under Armour, Inc. (UAA) Given “Underperform” Rating at FBR & Co

FBR & Co reiterated their underperform rating on shares of Under Armour, Inc. (NYSE:UAA) in a report issued on Wednesday, August 2nd. The brokerage currently has a $14.00 price target on the stock.

Several other research analysts also recently weighed in on the stock. Wells Fargo & Company restated a market perform rating and set a $17.00 price target on shares of Under Armour in a research report on Wednesday, August 2nd. UBS AG reaffirmed a neutral rating and set a $21.00 price objective on shares of Under Armour in a research note on Wednesday, August 2nd. Telsey Advisory Group dropped their price objective on shares of Under Armour from $21.00 to $18.00 and set a market perform rating for the company in a research note on Wednesday, August 2nd. Buckingham Research reaffirmed an underperform rating and set a $15.00 price objective on shares of Under Armour in a research note on Thursday, July 27th. Finally, Deutsche Bank AG cut shares of Under Armour from a hold rating to a sell rating and dropped their price objective for the company from $20.27 to $17.00 in a research note on Tuesday, July 25th. Twelve research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have issued a buy rating to the stock. Under Armour presently has an average rating of Hold and a consensus target price of $23.29.

Under Armour (NYSE UAA) opened at 18.55 on Wednesday. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 37.55 and a beta of -0.07. The stock has a 50 day moving average price of $20.15 and a 200-day moving average price of $20.60. Under Armour has a 12-month low of $17.92 and a 12-month high of $43.85.

Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. Under Armour’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, analysts predict that Under Armour will post $0.38 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the company. Ally Financial Inc. acquired a new position in shares of Under Armour during the second quarter worth about $2,176,000. Dimensional Fund Advisors LP acquired a new position in shares of Under Armour during the second quarter worth about $8,625,000. Virtu KCG Holdings LLC acquired a new position in shares of Under Armour during the second quarter worth about $813,000. Teachers Retirement System of The State of Kentucky purchased a new position in Under Armour during the second quarter worth $409,000. Finally, Ropes Wealth Advisors LLC purchased a new position in Under Armour during the second quarter worth $320,000. Institutional investors own 29.27% of the company’s stock.

About Under Armour

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.

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