UBS Group Lowers Under Armour (UAA) to Neutral

UBS Group downgraded shares of Under Armour (NYSE:UAA) to a neutral rating in a research report sent to investors on Tuesday, The Fly reports.

A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Under Armour from a sell rating to a hold rating in a report on Friday, November 17th. Stifel Nicolaus raised shares of Under Armour from a hold rating to a buy rating and raised their price target for the stock from $12.00 to $17.00 in a report on Friday, December 15th. Vetr raised shares of Under Armour from a strong sell rating to a sell rating and set a $13.23 price target for the company in a report on Friday, December 15th. Nomura raised their price target on shares of Under Armour from $9.00 to $13.00 and gave the stock a reduce rating in a report on Friday, November 10th. Finally, Bank of America cut shares of Under Armour from a neutral rating to an underperform rating and decreased their price target for the stock from $21.00 to $12.00 in a report on Monday, October 30th. Seventeen research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $17.09.

Shares of Under Armour (UAA) traded up $0.24 on Tuesday, reaching $15.30. 4,873,400 shares of the company’s stock traded hands, compared to its average volume of 6,227,587. The firm has a market capitalization of $6,410.00, a P/E ratio of 47.81, a price-to-earnings-growth ratio of 4.15 and a beta of 0.04. Under Armour has a 52 week low of $11.40 and a 52 week high of $30.59. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new position in Under Armour in the second quarter valued at $393,172,000. BlackRock Inc. purchased a new position in Under Armour in the second quarter valued at $238,861,000. Bamco Inc. NY increased its holdings in Under Armour by 10.8% in the third quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock valued at $126,978,000 after buying an additional 750,325 shares in the last quarter. State Street Corp purchased a new position in Under Armour in the second quarter valued at $157,325,000. Finally, Hexavest Inc. purchased a new position in Under Armour in the fourth quarter valued at $39,368,000. 30.98% of the stock is owned by institutional investors.

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Under Armour Company Profile

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.

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