Under Armour, Inc. (NYSE:UAA) was downgraded by stock analysts at Guggenheim from a “buy” rating to a “neutral” rating in a research note issued on Monday.

Several other analysts have also weighed in on UAA. ValuEngine lowered shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Vetr lowered shares of Under Armour from a “buy” rating to a “hold” rating and set a $20.66 target price on the stock. in a research report on Monday, June 5th. Wells Fargo & Company reiterated a “market perform” rating and set a $19.00 target price on shares of Under Armour in a research report on Friday, June 9th. Credit Suisse Group reiterated an “underperform” rating and set a $17.00 target price on shares of Under Armour in a research report on Friday, June 16th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $28.00 target price on shares of Under Armour in a research report on Wednesday, June 21st. Thirteen equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $21.15.

Shares of Under Armour (NYSE UAA) opened at 16.41 on Monday. Under Armour has a 1-year low of $15.92 and a 1-year high of $40.14. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 33.22 and a beta of -0.04. The company’s 50-day moving average is $17.60 and its 200 day moving average is $19.55.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts expect that Under Armour will post $0.38 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. acquired a new position in Under Armour during the second quarter valued at approximately $118,000. Cornerstone Advisors Inc. acquired a new position in Under Armour during the second quarter valued at approximately $124,000. Municipal Employees Retirement System of Michigan acquired a new position in Under Armour during the second quarter valued at approximately $129,000. WFG Advisors LP acquired a new position in Under Armour during the second quarter valued at approximately $132,000. Finally, Global X Management Co. LLC acquired a new position in Under Armour during the second quarter valued at approximately $134,000. Hedge funds and other institutional investors own 30.48% of the company’s stock.

About Under Armour

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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