Evercore ISI Cuts Under Armour (NYSE:UAA) Price Target to $7.00

Under Armour (NYSE:UAA) had its price target cut by Evercore ISI from $8.00 to $7.00 in a report released on Monday,Benzinga reports. They currently have an underperform rating on the stock.

A number of other equities analysts have also commented on UAA. UBS Group cut their price objective on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Argus cut Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. Morgan Stanley restated an “underweight” rating and set a $4.00 price objective on shares of Under Armour in a report on Friday, December 13th. Finally, Guggenheim reiterated a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.09.

Under Armour Stock Performance

Shares of NYSE:UAA opened at $7.13 on Monday. The business’s 50-day simple moving average is $8.45 and its 200 day simple moving average is $8.48. The company has a market cap of $3.08 billion, a P/E ratio of -24.59 and a beta of 1.69. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.01. Under Armour has a one year low of $6.17 and a one year high of $11.89.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the business earned $0.19 earnings per share. On average, sell-side analysts forecast that Under Armour will post 0.29 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the sale, the insider now directly owns 182,538 shares in the company, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the transaction, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Under Armour by 11.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after purchasing an additional 1,409 shares during the period. CWM LLC boosted its stake in Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after purchasing an additional 1,409 shares during the period. MCF Advisors LLC boosted its stake in Under Armour by 7.6% during the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock valued at $167,000 after purchasing an additional 1,419 shares during the period. Optas LLC boosted its stake in Under Armour by 5.5% during the 4th quarter. Optas LLC now owns 28,519 shares of the company’s stock valued at $236,000 after purchasing an additional 1,484 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in Under Armour by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after purchasing an additional 1,485 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.