Citigroup Issues Pessimistic Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its target price lowered by Citigroup from $8.00 to $6.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts have also recently commented on UAA. KGI Securities assumed coverage on Under Armour in a research report on Friday, March 7th. They set a “neutral” rating and a $7.40 price objective on the stock. Evercore ISI cut their price objective on Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Monday, February 10th. StockNews.com upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. Stifel Nicolaus dropped their price target on Under Armour from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, Guggenheim restated a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.62.

Under Armour Stock Down 1.4 %

Shares of NYSE:UAA opened at $5.73 on Monday. Under Armour has a 52-week low of $4.78 and a 52-week high of $11.89. The firm has a market capitalization of $2.46 billion, a P/E ratio of -19.76 and a beta of 1.49. The stock has a 50 day moving average price of $6.22 and a 200-day moving average price of $7.86. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the previous year, the company earned $0.19 EPS. As a group, equities research analysts anticipate that Under Armour will post 0.3 EPS for the current fiscal year.

Institutional Trading of Under Armour

Large investors have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA purchased a new stake in Under Armour during the fourth quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Under Armour during the fourth quarter worth $27,000. SBI Securities Co. Ltd. acquired a new position in Under Armour during the fourth quarter worth $40,000. Harbour Investments Inc. raised its position in Under Armour by 438.2% during the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock worth $51,000 after acquiring an additional 5,000 shares during the period. Finally, Cerity Partners LLC acquired a new position in Under Armour during the first quarter worth $66,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.