Under Armour (NYSE:UAA) Hits New 1-Year Low at $6.17

Under Armour, Inc. (NYSE:UAA) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.17 and last traded at $6.34, with a volume of 1511138 shares. The stock had previously closed at $6.50.

Analyst Ratings Changes

Several brokerages have commented on UAA. Morgan Stanley cut shares of Under Armour from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $8.00 to $4.00 in a report on Tuesday, July 23rd. JPMorgan Chase & Co. downgraded shares of Under Armour from a “neutral” rating to an “underweight” rating and cut their target price for the company from $8.00 to $6.00 in a research note on Thursday, May 16th. Evercore ISI reduced their target price on Under Armour from $7.00 to $6.00 and set an “underperform” rating for the company in a report on Friday, May 17th. William Blair downgraded Under Armour from an “outperform” rating to a “market perform” rating in a report on Thursday, May 16th. Finally, Bank of America dropped their target price on Under Armour from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, May 17th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.96.

Under Armour Trading Up 1.5 %

The company has a debt-to-equity ratio of 0.28, a current ratio of 2.46 and a quick ratio of 1.63. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 3.38 and a beta of 1.67. The business has a fifty day moving average price of $6.79 and a 200 day moving average price of $7.19.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, May 16th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Under Armour had a net margin of 4.19% and a return on equity of 11.95%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 EPS. On average, equities analysts expect that Under Armour, Inc. will post 0.19 EPS for the current fiscal year.

Under Armour declared that its Board of Directors has approved a stock repurchase program on Thursday, May 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 16.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Under Armour

Several institutional investors and hedge funds have recently bought and sold shares of the business. Keener Financial Planning LLC bought a new stake in shares of Under Armour in the 4th quarter worth about $26,000. Hexagon Capital Partners LLC grew its position in Under Armour by 101.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after acquiring an additional 1,890 shares during the last quarter. Optas LLC acquired a new stake in Under Armour during the 2nd quarter valued at $72,000. Koss Olinger Consulting LLC bought a new position in Under Armour in the 2nd quarter valued at $79,000. Finally, M&T Bank Corp acquired a new position in Under Armour in the fourth quarter worth $91,000. Institutional investors own 34.58% of the company’s stock.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.