Under Armour (UAA) Lowered to “Sell” at ValuEngine

ValuEngine cut shares of Under Armour (NYSE:UAA) from a hold rating to a sell rating in a report released on Sunday.

A number of other brokerages have also recently weighed in on UAA. Piper Jaffray Companies reduced their price target on shares of Under Armour from $17.00 to $14.00 and set an average rating on the stock in a research report on Wednesday, October 11th. Jefferies Group reissued a buy rating and set a $28.00 target price on shares of Under Armour in a research note on Thursday, September 7th. Stifel Nicolaus raised shares of Under Armour from a hold rating to a buy rating and raised their price objective for the company from $12.00 to $17.00 in a research note on Friday, December 15th. Vetr upgraded shares of Under Armour from a sell rating to a hold rating and set a $16.00 target price for the company in a report on Friday, September 22nd. Finally, Pivotal Research initiated coverage on shares of Under Armour in a report on Thursday, October 5th. They issued a hold rating and a $17.00 target price for the company. Nineteen investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $16.94.

Under Armour (NYSE:UAA) traded down $1.09 on Friday, reaching $14.43. The company’s stock had a trading volume of 16,334,300 shares, compared to its average volume of 5,559,214. The firm has a market capitalization of $6,373.69, a P/E ratio of 46.55, a price-to-earnings-growth ratio of 4.25 and a beta of -0.14. Under Armour has a 12-month low of $11.40 and a 12-month high of $31.06. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aldebaran Financial Inc. lifted its stake in shares of Under Armour by 8.3% in the 2nd quarter. Aldebaran Financial Inc. now owns 27,310 shares of the company’s stock valued at $594,000 after purchasing an additional 2,090 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of Under Armour by 6.8% in the 3rd quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock valued at $864,000 after purchasing an additional 3,338 shares during the last quarter. Van Hulzen Asset Management LLC lifted its stake in shares of Under Armour by 42.5% in the 3rd quarter. Van Hulzen Asset Management LLC now owns 17,100 shares of the company’s stock valued at $282,000 after purchasing an additional 5,100 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Under Armour by 5.6% in the 3rd quarter. IFP Advisors Inc now owns 97,318 shares of the company’s stock valued at $1,604,000 after purchasing an additional 5,148 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new position in shares of Under Armour in the 2nd quarter valued at $118,000. 30.98% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Under Armour (NYSE:UAA)

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