Under Armour, Inc. (NYSE:UAA) had its target price trimmed by Buckingham Research from $14.00 to $10.00 in a research note issued to investors on Wednesday. The firm currently has an underperform rating on the stock.

Other equities analysts also recently issued reports about the stock. Susquehanna Bancshares Inc lifted their price target on shares of Under Armour from $14.00 to $17.00 in a report on Friday, July 7th. Piper Jaffray Companies cut their price target on shares of Under Armour from $17.00 to $14.00 and set an average rating for the company in a report on Wednesday, October 11th. Vetr raised shares of Under Armour from a hold rating to a buy rating and set a $22.36 price target for the company in a report on Monday, July 10th. Zacks Investment Research raised shares of Under Armour from a hold rating to a buy rating and set a $24.00 price target for the company in a report on Tuesday, July 4th. Finally, Jefferies Group LLC reissued a buy rating and set a $28.00 price target on shares of Under Armour in a report on Friday, August 11th. Nineteen investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $17.18.

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

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Several hedge funds have recently made changes to their positions in UAA. D.A. Davidson & CO. bought a new stake in shares of Under Armour in the second quarter worth $118,000. Cornerstone Advisors Inc. bought a new stake in shares of Under Armour in the second quarter worth $124,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Under Armour in the second quarter worth $129,000. WFG Advisors LP bought a new stake in shares of Under Armour in the second quarter worth $132,000. Finally, Global X Management Co. LLC bought a new stake in shares of Under Armour in the second quarter worth $134,000. 30.43% of the stock is currently owned by institutional investors and hedge funds.

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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