Under Armour (NYSE:UAA) Reaches New 1-Year Low – Here’s Why

Under Armour, Inc. (NYSE:UAA) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.10 and last traded at $6.18, with a volume of 648039 shares. The stock had previously closed at $6.30.

Analyst Ratings Changes

A number of research firms recently issued reports on UAA. Telsey Advisory Group restated a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a report on Thursday, February 6th. StockNews.com raised shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. Morgan Stanley reissued an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research report on Friday, December 13th. Finally, KGI Securities initiated coverage on Under Armour in a report on Friday, March 7th. They issued a “neutral” rating and a $7.40 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.06.

Under Armour Price Performance

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 stock has a market cap of $2.74 billion, a PE ratio of -21.95 and a beta of 1.63. The company’s 50 day moving average is $7.26 and its 200-day moving average is $8.30.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the previous year, the business earned $0.19 EPS. As a group, sell-side analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Institutional Trading of Under Armour

Several institutional investors have recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA acquired a new position in Under Armour in the fourth quarter worth about $25,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Under Armour by 163.6% in 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 last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Under Armour during the 4th quarter valued at approximately $27,000. SBI Securities Co. Ltd. bought a new position in Under Armour during the fourth quarter worth $40,000. Finally, Harbour Investments Inc. boosted its holdings in Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock worth $51,000 after purchasing an additional 5,000 shares during the period. 34.58% of the stock is owned by institutional investors and hedge funds.

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.