Barclays Cuts Under Armour (NYSE:UAA) Price Target to $8.00

Under Armour (NYSE:UAA) had its target price dropped by equities research analysts at Barclays from $11.00 to $8.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 9.81% from the stock’s current price.

A number of other analysts also recently commented on the company. TD Cowen boosted their price objective on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Wells Fargo & Company boosted their price target on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. UBS Group reduced their price objective on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a report on Thursday. Finally, Robert W. Baird increased their target price on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.03.

Under Armour Stock Down 4.1 %

Under Armour stock opened at $7.29 on Monday. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of -25.12 and a beta of 1.69. The company’s 50-day moving average price is $8.62 and its two-hundred day moving average price is $8.48. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating 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 quarter last year, the firm earned $0.19 EPS. On average, analysts expect that Under Armour will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the sale, the insider now owns 172,899 shares in the company, valued at $1,523,240.19. This represents a 5.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the sale, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,879 shares of company stock valued at $508,642. Corporate insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Under Armour in the 4th quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. raised its position in Under Armour by 163.6% during the third 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Under Armour in the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. bought a new stake in Under Armour in the fourth quarter worth approximately $40,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Under Armour during the 3rd quarter worth $56,000. 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.