Under Armour (NYSE:UAA) was downgraded by analysts at Macquarie from a “neutral” rating to an “underperform” rating in a report issued on Tuesday, Marketbeat Ratings reports. They presently have a $8.00 price target on the stock, down from their prior price target of $10.00. Macquarie’s price target points to a potential downside of 41.09% from the stock’s previous close.

Several other research firms also recently issued reports on UAA. Wells Fargo & Co downgraded Under Armour from a “market perform” rating to an “underperform” rating and cut their target price for the company from $17.00 to $13.00 in a research report on Tuesday, September 19th. Zacks Investment Research downgraded Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Piper Jaffray Companies cut their target price on Under Armour from $17.00 to $14.00 and set an “average” rating on the stock in a research report on Wednesday, October 11th. Wedbush reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Under Armour in a report on Tuesday, October 3rd. Finally, Buckingham Research began coverage on shares of Under Armour in a report on Friday, January 5th. They issued a “neutral” rating and a $17.00 price target on the stock. Eighteen investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.83.

Under Armour (UAA) traded down $0.25 during midday trading on Tuesday, hitting $13.58. The company had a trading volume of 1,218,249 shares, compared to its average volume of 5,920,000. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.23. Under Armour has a 52-week low of $11.40 and a 52-week high of $30.32. The firm has a market cap of $5,670.00, a P/E ratio of 42.43, a price-to-earnings-growth ratio of 3.43 and a beta of 0.04.

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

A number of institutional investors have recently modified their holdings of UAA. Vanguard Group Inc. purchased a new position in Under Armour in the 2nd quarter valued at about $393,172,000. BlackRock Inc. purchased a new position in Under Armour in the 2nd quarter valued at about $238,861,000. State Street Corp acquired a new stake in Under Armour in the 2nd quarter valued at about $157,325,000. Bamco Inc. NY acquired a new stake in Under Armour in the 2nd quarter valued at about $151,334,000. Finally, Hexavest Inc. acquired a new stake in Under Armour in the 4th quarter valued at about $39,368,000. 31.00% of the stock is currently owned by hedge funds and other institutional investors.

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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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