Under Armour (NYSE:UAA) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Under Armour (NYSE:UAA) from a hold rating to a sell rating in a research note published on Wednesday morning.

Several other analysts also recently commented on the stock. UBS Group lowered their target price on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Guggenheim reiterated a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. Morgan Stanley reiterated an “underweight” rating and issued a $4.00 target price on shares of Under Armour in a report on Friday, December 13th. Barclays decreased their price objective on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of Under Armour in a report on Friday, February 7th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Under Armour presently has an average rating of “Hold” and an average target price of $9.06.

Under Armour Stock Performance

UAA opened at $6.73 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average price is $7.68 and its two-hundred day moving average price is $8.40. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89. The company has a market cap of $2.89 billion, a price-to-earnings ratio of -23.19 and a beta of 1.63.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the prior year, the company earned $0.19 earnings per share. On average, analysts expect that Under Armour will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. FMR LLC raised its stake in shares of Under Armour by 193.2% during the fourth quarter. FMR LLC now owns 28,317,951 shares of the company’s stock worth $234,473,000 after acquiring an additional 18,658,128 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Under Armour by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock worth $128,741,000 after acquiring an additional 263,988 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in shares of Under Armour by 55.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after buying an additional 3,503,006 shares during the period. Pacer Advisors Inc. increased its stake in shares of Under Armour by 33,725.1% in the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock worth $85,526,000 after buying an additional 9,570,512 shares during the period. Finally, Disciplined Growth Investors Inc. MN increased its stake in shares of Under Armour by 6.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock worth $51,149,000 after buying an additional 327,979 shares during the period. 34.58% of the stock is owned by hedge funds and other 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.