Under Armour (NYSE:UAA) Stock Price Down 5% – Here’s What Happened

Under Armour, Inc. (NYSE:UAA) traded down 5% on Wednesday . The stock traded as low as $7.11 and last traded at $7.01. 742,375 shares were traded during trading, a decline of 93% from the average session volume of 10,728,731 shares. The stock had previously closed at $7.38.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Evercore ISI decreased their price objective on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Monday, February 10th. Morgan Stanley reiterated an “underweight” rating and set a $4.00 target price on shares of Under Armour in a research report on Friday, December 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research report on Thursday, February 6th. TD Cowen lifted their target price on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Argus cut Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.99.

Under Armour Trading Down 5.1 %

The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of -24.12 and a beta of 1.63. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The business has a fifty day moving average price of $7.72 and a 200 day moving average price of $8.41.

Under Armour (NYSE:UAA) last released its quarterly earnings data 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 quarter in the prior year, the business posted $0.19 earnings per share. As a group, equities analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Institutional Trading of Under Armour

Large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new stake in Under Armour in the 4th quarter valued at $412,000. Quantbot Technologies LP lifted its holdings in Under Armour by 288.1% in the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after acquiring an additional 314,226 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Under Armour by 48.1% in the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock worth $5,470,000 after acquiring an additional 199,348 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Under Armour by 37.4% in the fourth quarter. SG Americas Securities LLC now owns 158,541 shares of the company’s stock worth $1,313,000 after acquiring an additional 43,158 shares during the last quarter. Finally, Maverick Capital Ltd. bought a new position in Under Armour in the third quarter worth about $1,580,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Company Profile

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.