Under Armour, Inc. (UAA) Downgraded to Underperform at Wells Fargo & Company

Wells Fargo & Company lowered shares of Under Armour, Inc. (NYSE:UAA) from a market perform rating to an underperform rating in a research report report published on Tuesday morning. They currently have $13.00 price target on the stock, down from their prior price target of $17.00.

Other equities analysts also recently issued reports about the company. Vetr downgraded Under Armour from a strong-buy rating to a hold rating and set a $21.02 price objective for the company. in a research report on Monday, July 17th. Telsey Advisory Group decreased their target price on Under Armour from $21.00 to $18.00 and set a market perform rating for the company in a research note on Wednesday, August 2nd. FBR & Co reaffirmed an underperform rating and set a $14.00 target price on shares of Under Armour in a research note on Wednesday, August 2nd. Canaccord Genuity decreased their target price on Under Armour from $21.00 to $18.00 and set a hold rating for the company in a research note on Wednesday, August 2nd. Finally, Buckingham Research decreased their target price on Under Armour from $15.00 to $14.00 and set an underperform rating for the company in a research note on Wednesday, August 2nd. Fourteen investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $21.18.

Under Armour (NYSE UAA) opened at 16.74 on Tuesday. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 33.89 and a beta of -0.04. The stock’s 50 day moving average price is $17.60 and its 200 day moving average price is $19.55. Under Armour has a 52-week low of $15.92 and a 52-week high of $40.14.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Under Armour will post $0.38 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in UAA. Baillie Gifford & Co. purchased a new position in shares of Under Armour in the second quarter valued at $532,573,000. Vanguard Group Inc. purchased a new position in shares of Under Armour in the second quarter valued at $393,172,000. BlackRock Inc. purchased a new position in shares of Under Armour in the second quarter valued at $238,861,000. State Street Corp purchased a new position in shares of Under Armour in the second quarter valued at $157,325,000. Finally, Bamco Inc. NY purchased a new position in shares of Under Armour in the second quarter valued at $151,334,000. Institutional investors own 30.48% of the company’s stock.

About Under Armour

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.

Analyst Recommendations for Under Armour (NYSE:UAA)

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