Susquehanna Bancshares reiterated their negative rating on shares of Under Armour (NYSE:UAA) in a report issued on Tuesday morning, Marketbeat.com reports. Susquehanna Bancshares currently has a $11.00 price objective on the stock.

Other research analysts have also recently issued reports about the company. UBS Group reduced their price objective on Under Armour from $19.00 to $14.00 and set a neutral rating on the stock in a research note on Wednesday, November 1st. Zacks Investment Research cut Under Armour from a hold rating to a sell rating in a research note on Wednesday, December 13th. Wedbush reaffirmed a neutral rating and set a $11.00 price objective (down from $17.00) on shares of Under Armour in a research note on Wednesday, November 1st. Vetr cut Under Armour from a sell rating to a strong sell rating and set a $13.90 price objective on the stock. in a research note on Wednesday, January 3rd. Finally, Canaccord Genuity reaffirmed a hold rating and set a $15.00 price objective (down from $18.00) on shares of Under Armour in a research note on Thursday, October 12th. Seventeen equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $17.09.

Shares of Under Armour (UAA) traded down $0.05 during trading hours on Tuesday, hitting $15.06. The stock had a trading volume of 4,600,000 shares, compared to its average volume of 5,650,000. Under Armour has a 52-week low of $11.40 and a 52-week high of $31.06. The company has a market capitalization of $6,420.00, a PE ratio of 47.06, a P/E/G ratio of 4.15 and a beta of 0.04. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Under Armour’s revenue for the quarter was down 4.5% compared to the same quarter last year. research analysts expect that Under Armour will post 0.2 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of UAA. Russell Investments Group Ltd. bought a new stake in Under Armour during the 2nd quarter valued at approximately $531,000. Schwab Charles Investment Management Inc. bought a new stake in Under Armour during the 2nd quarter valued at approximately $15,325,000. Bank of New York Mellon Corp bought a new stake in Under Armour during the 2nd quarter valued at approximately $30,172,000. Comerica Bank bought a new stake in Under Armour during the 2nd quarter valued at approximately $932,000. Finally, Prudential Financial Inc. bought a new stake in Under Armour during the 2nd quarter valued at approximately $5,678,000. 30.98% of the stock is currently owned by institutional investors and hedge funds.

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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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