Under Armour (NYSE:UAA) Stock Price Down 10.1% – Time to Sell?

Under Armour, Inc. (NYSE:UAA) was down 10.1% on Friday . The company traded as low as $9.96 and last traded at $10.01. Approximately 5,742,019 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 10,158,511 shares. The stock had previously closed at $11.13.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on UAA shares. Barclays boosted their target price on Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Truist Financial increased their price objective on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research report on Friday. Stifel Nicolaus lifted their target price on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. TD Cowen raised their price target on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Morgan Stanley lowered Under Armour from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $8.00 to $4.00 in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.76.

Under Armour Price Performance

The firm has a market cap of $4.18 billion, a PE ratio of -53.61, a P/E/G ratio of 4.06 and a beta of 1.66. The stock’s fifty day moving average price is $8.43 and its 200-day moving average price is $7.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The business’s revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 earnings per share. As a group, equities analysts forecast that Under Armour, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Trading of Under Armour

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jupiter Asset Management Ltd. acquired a new position in shares of Under Armour during the 1st quarter valued at $8,944,000. Disciplined Growth Investors Inc. MN boosted its stake in Under Armour by 1.3% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after purchasing an additional 70,731 shares during the period. Texas Permanent School Fund Corp lifted its stake in Under Armour by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock worth $1,216,000 after acquiring an additional 1,746 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Under Armour by 24.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 89,941 shares of the company’s stock worth $664,000 after buying an additional 17,399 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in shares of Under Armour during the third quarter worth $576,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

About Under Armour

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.