Under Armour, Inc. (UAA) Price Target Cut to $10.00

Under Armour, Inc. (NYSE:UAA) had its price target cut by FBR & Co from $14.00 to $10.00 in a research report sent to investors on Tuesday, Marketbeat Ratings reports. They currently have a sell rating on the stock. FBR & Co also issued estimates for Under Armour’s Q4 2017 earnings at $0.01 EPS, FY2017 earnings at $0.20 EPS and FY2018 earnings at $0.28 EPS.

Several other research analysts have also weighed in on UAA. Wedbush reissued a neutral rating and set a $17.00 price target (down from $18.00) on shares of Under Armour in a research report on Tuesday, August 8th. Vetr lowered Under Armour from a sell rating to a strong sell rating and set a $16.68 price target on the stock. in a research report on Wednesday, August 9th. Zacks Investment Research lowered Under Armour from a hold rating to a sell rating in a research report on Friday, August 4th. Deutsche Bank AG lowered their target price on Under Armour from $16.00 to $14.00 and set a sell rating on the stock in a research note on Thursday, October 26th. Finally, Telsey Advisory Group restated a market perform rating and issued a $18.00 target price (down previously from $21.00) on shares of Under Armour in a research note on Tuesday, August 8th. Nineteen research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $17.18.

Shares of Under Armour (UAA) opened at $11.61 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 2.23 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $5,194.83, a PE ratio of 28.73, a price-to-earnings-growth ratio of 3.49 and a beta of -0.15.

Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. Under Armour’s revenue for the quarter was down 4.5% compared to the same quarter last year. equities research analysts predict that Under Armour will post 0.2 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the stock. Aldebaran Financial Inc. grew its holdings in Under Armour by 8.3% during the second quarter. Aldebaran Financial Inc. now owns 27,310 shares of the company’s stock worth $594,000 after purchasing an additional 2,090 shares during the period. Nationwide Fund Advisors grew its holdings in Under Armour by 6.8% during the third quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock worth $864,000 after purchasing an additional 3,338 shares during the period. IFP Advisors Inc grew its holdings in Under Armour by 5.6% during the third quarter. IFP Advisors Inc now owns 97,318 shares of the company’s stock worth $1,604,000 after purchasing an additional 5,148 shares during the period. D.A. Davidson & CO. bought a new position in Under Armour during the second quarter worth about $118,000. Finally, Cornerstone Advisors Inc. bought a new position in Under Armour during the second quarter worth about $124,000. Institutional investors and hedge funds own 30.43% 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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