Under Armour (NYSE:UAA) Given New $11.00 Price Target at Stifel Nicolaus

Under Armour (NYSE:UAA) had its price target lowered by Stifel Nicolaus from $13.00 to $11.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently commented on UAA. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. StockNews.com upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. Evercore ISI lowered their target price on Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research report on Monday, February 10th. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research report on Thursday, February 6th. Finally, Argus cut Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.12.

Under Armour Stock Performance

Shares of UAA stock opened at $5.18 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour has a 52 week low of $4.78 and a 52 week high of $11.89. The company’s 50 day moving average price is $6.69 and its two-hundred day moving average price is $8.14. The company has a market capitalization of $2.22 billion, a P/E ratio of -17.84 and a beta of 1.49.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $0.19 earnings per share. On average, analysts expect that Under Armour will post 0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Under Armour

A number of institutional investors have recently modified their holdings of the business. Stifel Financial Corp grew its position in shares of Under Armour by 85.6% during the 3rd quarter. Stifel Financial Corp now owns 66,671 shares of the company’s stock worth $594,000 after purchasing an additional 30,755 shares in the last quarter. National Bank of Canada FI grew its position in Under Armour by 9.4% during the third quarter. National Bank of Canada FI now owns 37,703 shares of the company’s stock worth $336,000 after buying an additional 3,232 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in Under Armour by 15.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 59,237 shares of the company’s stock worth $528,000 after acquiring an additional 7,839 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after acquiring an additional 1,800 shares during the period. Finally, M&T Bank Corp acquired a new stake in shares of Under Armour during the 3rd quarter worth $104,000. Institutional investors own 34.58% of the company’s stock.

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.