B. Riley Trims Under Armour (NYSE:UAA) Target Price to $9.00

Under Armour (NYSE:UAA) had its target price lowered by equities research analysts at B. Riley from $10.00 to $9.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm currently has a “sell” rating on the stock. B. Riley’s price objective points to a potential downside of 5.46% from the stock’s current price.

UAA has been the subject of a number of other reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $23.00 target price on shares of Under Armour in a report on Monday, January 6th. ValuEngine upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Raymond James decreased their price target on Under Armour from $30.00 to $25.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, February 12th. Credit Suisse Group reiterated a “neutral” rating and issued a $20.00 price target on shares of Under Armour in a research note on Monday, February 10th. Finally, Goldman Sachs Group lowered Under Armour from a “buy” rating to a “neutral” rating and decreased their price target for the company from $21.00 to $9.00 in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.86.

NYSE:UAA traded up $0.23 during trading hours on Thursday, reaching $9.52. The company had a trading volume of 1,228,396 shares, compared to its average volume of 7,984,615. The company has a current ratio of 1.90, a quick ratio of 1.27 and a debt-to-equity ratio of 0.55. Under Armour has a 52 week low of $7.61 and a 52 week high of $27.72. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 45.34, a PEG ratio of 4.07 and a beta of 0.89. The firm’s 50 day moving average price is $13.97 and its 200-day moving average price is $18.41.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. Under Armour had a return on equity of 7.18% and a net margin of 1.75%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm earned $0.09 EPS. Under Armour’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts forecast that Under Armour will post 0.09 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in UAA. Ilmarinen Mutual Pension Insurance Co purchased a new position in Under Armour in the 3rd quarter valued at about $4,985,000. Pictet Asset Management Ltd. increased its stake in Under Armour by 20.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 57,291 shares of the company’s stock worth $1,142,000 after purchasing an additional 9,620 shares in the last quarter. California State Teachers Retirement System increased its stake in Under Armour by 0.9% in the 3rd quarter. California State Teachers Retirement System now owns 307,907 shares of the company’s stock worth $6,140,000 after purchasing an additional 2,754 shares in the last quarter. Penserra Capital Management LLC purchased a new position in Under Armour in the 3rd quarter worth about $127,000. Finally, Public Employees Retirement System of Ohio increased its stake in Under Armour by 2.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 235,910 shares of the company’s stock worth $4,704,000 after purchasing an additional 4,675 shares in the last quarter. 39.65% of the stock is owned by institutional investors.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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