Telsey Advisory Group reissued their market perform rating on shares of Under Armour, Inc. (NYSE:UAA) in a research note released on Tuesday. The firm currently has a $18.00 price target on the stock, down from their previous price target of $21.00.

Other equities analysts have also issued research reports about the company. Susquehanna Bancshares Inc upped their price target on Under Armour from $14.00 to $17.00 in a research note on Friday, July 7th. Vetr lowered Under Armour from a strong-buy rating to a buy rating and set a $22.03 price target on the stock. in a research note on Wednesday, April 26th. Jefferies Group LLC reaffirmed a buy rating and issued a $28.00 price target on shares of Under Armour in a research note on Friday, May 19th. Zacks Investment Research raised Under Armour from a hold rating to a buy rating and set a $24.00 price target on the stock in a research note on Tuesday, July 4th. Finally, Morgan Stanley decreased their price target on Under Armour from $20.00 to $19.00 and set an equal weight rating on the stock in a research note on Monday. Thirteen analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have given a buy rating to the company’s stock. Under Armour currently has an average rating of Hold and a consensus price target of $23.29.

Under Armour (NYSE UAA) traded down 0.42% during mid-day trading on Tuesday, reaching $19.17. The company had a trading volume of 1,644,648 shares. The stock has a 50 day moving average of $20.41 and a 200 day moving average of $20.97. Under Armour has a 52 week low of $17.92 and a 52 week high of $43.85. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 38.81 and a beta of -0.07.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. Analysts anticipate that Under Armour will post $0.37 earnings per share for the current year.

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Hedge funds have recently bought and sold shares of the company. Cornerstone Advisors Inc. bought a new stake in Under Armour during the second quarter worth $124,000. Municipal Employees Retirement System of Michigan bought a new stake in Under Armour during the second quarter worth $129,000. Global X Management Co. LLC bought a new stake in Under Armour during the second quarter worth $134,000. Hudock Capital Group LLC bought a new stake in Under Armour during the second quarter worth $134,000. Finally, Private Capital Management Inc. bought a new stake in Under Armour during the second quarter worth $141,000. 29.27% of the stock is owned by institutional investors.

Under Armour Company Profile

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

Analyst Recommendations for Under Armour (NYSE:UAA)

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