Under Armour (NYSE:UA) Cut to Sell at ValuEngine

ValuEngine cut shares of Under Armour (NYSE:UA) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Several other brokerages have also issued reports on UA. Stifel Nicolaus set a $30.00 price target on shares of Under Armour and gave the company a buy rating in a report on Friday, July 19th. Piper Jaffray Companies set a $30.00 price target on shares of Under Armour and gave the company a buy rating in a report on Monday, June 24th. Pivotal Research reaffirmed a hold rating and set a $25.00 price target on shares of Under Armour in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised shares of Under Armour from a neutral rating to an overweight rating and lifted their price target for the company from $23.00 to $29.00 in a report on Friday, May 17th. Finally, B. Riley set a $12.00 price target on shares of Under Armour and gave the company a sell rating in a report on Tuesday, April 9th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Under Armour currently has an average rating of Hold and an average price target of $21.90.

UA stock traded up $0.07 during mid-day trading on Thursday, hitting $19.19. The stock had a trading volume of 3,603,911 shares, compared to its average volume of 2,290,787. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.83 and a quick ratio of 1.22. Under Armour has a 52 week low of $15.05 and a 52 week high of $24.55. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 71.07 and a beta of 0.96. The stock’s fifty day moving average is $23.07.

Under Armour (NYSE:UA) last released its earnings results on Thursday, May 2nd. The company reported $0.05 EPS for the quarter. The firm had revenue of $1.20 billion for the quarter. Under Armour had a net margin of 1.62% and a return on equity of 7.83%. As a group, analysts anticipate that Under Armour will post 0.35 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of UA. FMR LLC grew its holdings in Under Armour by 161.2% during the 4th quarter. FMR LLC now owns 4,528,755 shares of the company’s stock worth $73,230,000 after acquiring an additional 2,794,611 shares during the last quarter. GMT Capital Corp bought a new stake in Under Armour during the 1st quarter worth approximately $11,786,000. Norges Bank bought a new stake in Under Armour during the 4th quarter worth approximately $7,838,000. State of Wisconsin Investment Board grew its holdings in Under Armour by 370.4% during the 1st quarter. State of Wisconsin Investment Board now owns 607,829 shares of the company’s stock worth $11,470,000 after acquiring an additional 478,620 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Under Armour by 12.4% during the 4th quarter. American Century Companies Inc. now owns 4,215,340 shares of the company’s stock worth $68,162,000 after acquiring an additional 463,865 shares during the last quarter. 32.16% of the stock is currently owned by hedge funds and other institutional investors.

About Under Armour

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:UA)

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