Under Armour (NYSE:UA) PT Lowered to $9.00

Under Armour (NYSE:UA) had its price target decreased by Stifel Nicolaus from $10.00 to $9.00 in a report released on Monday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Under Armour Stock Performance

NYSE UA opened at $6.67 on Monday. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 12.59 and a beta of 1.67. The company has a 50 day moving average of $6.65 and a 200-day moving average of $7.28. The company has a current ratio of 2.46, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. Under Armour has a 1-year low of $5.86 and a 1-year high of $8.99.

Under Armour (NYSE:UA) last issued its quarterly earnings results on Thursday, May 16th. The company reported $0.11 earnings per share for the quarter. The business had revenue of $1.33 billion during the quarter. Under Armour had a net margin of 4.19% and a return on equity of 11.95%. On average, equities analysts forecast that Under Armour will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of Under Armour

A number of hedge funds and other institutional investors have recently modified their holdings of UA. Comerica Bank boosted its stake in Under Armour by 39.9% in the first quarter. Comerica Bank now owns 110,537 shares of the company’s stock valued at $789,000 after acquiring an additional 31,504 shares during the last quarter. Tidal Investments LLC bought a new position in Under Armour in the first quarter valued at approximately $476,000. Price T Rowe Associates Inc. MD boosted its stake in Under Armour by 6.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 106,089 shares of the company’s stock valued at $758,000 after acquiring an additional 6,519 shares during the last quarter. PEAK6 Investments LLC boosted its stake in Under Armour by 36.1% in the first quarter. PEAK6 Investments LLC now owns 55,283 shares of the company’s stock valued at $395,000 after acquiring an additional 14,673 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in shares of Under Armour during the first quarter worth $243,000. Institutional investors and hedge funds own 36.35% of the company’s stock.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.