Stifel Nicolaus Trims Under Armour (NYSE:UA) Target Price to $9.00

Under Armour (NYSE:UA) had its target price trimmed by Stifel Nicolaus from $10.00 to $9.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Under Armour Stock Down 0.1 %

UA opened at $6.80 on Monday. The stock has a fifty day moving average of $6.65 and a 200-day moving average of $7.28. The company has a market capitalization of $2.97 billion, a P/E ratio of 12.83 and a beta of 1.67. Under Armour has a fifty-two week low of $5.86 and a fifty-two week high of $8.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.46.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Thursday, May 16th. The company reported $0.11 earnings per share for the quarter. Under Armour had a net margin of 4.19% and a return on equity of 11.95%. The business had revenue of $1.33 billion during the quarter. On average, equities analysts expect that Under Armour will post 0.2 EPS for the current year.

Hedge Funds Weigh In On Under Armour

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Keener Financial Planning LLC bought a new position in shares of Under Armour in the fourth quarter worth $25,000. GAMMA Investing LLC acquired a new position in shares of Under Armour in the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC lifted its holdings in shares of Under Armour by 61.7% during the 4th quarter. Global Retirement Partners LLC now owns 3,959 shares of the company’s stock worth $33,000 after acquiring an additional 1,511 shares during the period. TFO Wealth Partners LLC boosted its position in shares of Under Armour by 529,600.0% during the 4th quarter. TFO Wealth Partners LLC now owns 5,297 shares of the company’s stock worth $44,000 after acquiring an additional 5,296 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in Under Armour in the fourth quarter valued at approximately $50,000. 36.35% of the stock is owned by institutional investors and hedge funds.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.