Under Armour (NYSE:UAA) Price Target Lowered to $5.50 at Citigroup

Under Armour (NYSE:UAA) had its price objective lowered by Citigroup from $6.00 to $5.50 in a research report sent to investors on Monday, Marketbeat reports. The brokerage currently has a neutral rating on the stock.

UAA has been the topic of a number of other research reports. Truist Financial reduced their target price on Under Armour from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, May 14th. Telsey Advisory Group cut their price target on shares of Under Armour from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Monday. Bank of America cut their price target on shares of Under Armour from $8.00 to $6.50 and set a “neutral” rating for the company in a research report on Monday. Wells Fargo & Company upped their price target on shares of Under Armour from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. cut their price target on shares of Under Armour from $6.00 to $5.00 and set an “underweight” rating for the company in a research report on Friday, August 8th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.74.

Under Armour Stock Up 0.4%

UAA opened at $5.05 on Monday. The stock has a market cap of $2.17 billion, a PE ratio of 22.96, a P/E/G ratio of 1.85 and a beta of 1.61. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21. Under Armour has a 52 week low of $4.78 and a 52 week high of $11.89. The business’s fifty day simple moving average is $6.72 and its 200 day simple moving average is $6.62.

Under Armour (NYSE:UAA) last released its earnings results on Friday, August 8th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 EPS. As a group, research analysts expect that Under Armour will post 0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the sale, the insider directly owned 191,796 shares in the company, valued at approximately $1,177,627.44. This represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

A number of institutional investors have recently bought and sold shares of UAA. JPMorgan Chase & Co. raised its stake in Under Armour by 36.5% in the fourth quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company’s stock worth $4,591,000 after buying an additional 148,280 shares in the last quarter. Geode Capital Management LLC raised its stake in Under Armour by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,890,105 shares of the company’s stock worth $23,940,000 after buying an additional 9,024 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Under Armour by 183.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 35,689 shares of the company’s stock worth $296,000 after buying an additional 23,111 shares in the last quarter. Raymond James Financial Inc. bought a new position in Under Armour in the fourth quarter worth about $439,000. Finally, Rockefeller Capital Management L.P. raised its stake in Under Armour by 10.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 127,071 shares of the company’s stock worth $1,052,000 after buying an additional 11,624 shares in the last quarter. 34.58% of the stock is owned by 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.