Under Armour (NYSE:UAA) Stock Rating Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Under Armour (NYSE:UAA) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

Other equities analysts have also issued research reports about the company. UBS Group reaffirmed a “buy” rating and issued a $8.00 price target (down from $9.00) on shares of Under Armour in a research report on Wednesday, October 28th. Telsey Advisory Group decreased their target price on shares of Under Armour from $5.50 to $5.00 and set a “market perform” rating for the company in a report on Monday, November 9th. Barclays downgraded shares of Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research note on Tuesday, August 11th. Weiss Ratings restated a “sell (d)” rating on shares of Under Armour in a report on Wednesday, November 4th. Finally, Morgan Stanley set a $4.00 price objective on shares of Under Armour and gave the stock an “equal weight” rating in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Under Armour currently has an average rating of “Hold” and a consensus target price of $5.80.

Under Armour Stock Up 0.1%

UAA traded up $0.01 during trading on Friday, reaching $4.91. The stock had a trading volume of 9,210,585 shares, compared to its average volume of 8,822,416. The stock’s 50 day moving average is $4.89 and its two-hundred day moving average is $5.90. The company has a current ratio of 1.95, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -4.42, a P/E/G ratio of 1.94 and a beta of 1.58. Under Armour has a one year low of $4.13 and a one year high of $8.15.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UAA. Fulcrum Asset Management LLP bought a new position in shares of Under Armour in the third quarter worth about $26,000. Versant Capital Management Inc grew its stake in shares of Under Armour by 94.1% during the 3rd quarter. Versant Capital Management Inc now owns 6,155 shares of the company’s stock valued at $27,000 after acquiring an additional 2,984 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Under Armour by 134.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,061 shares of the company’s stock valued at $31,000 after acquiring an additional 4,050 shares during the period. Fortitude Family Office LLC grew its stake in shares of Under Armour by 2,744.0% during the 3rd quarter. Fortitude Family Office LLC now owns 7,821 shares of the company’s stock valued at $35,000 after acquiring an additional 7,546 shares during the period. Finally, Csenge Advisory Group purchased a new stake in Under Armour in the 3rd quarter worth approximately $45,000. 34.58% of the stock is currently owned by institutional investors.

About Under Armour

Under Armour, Inc. develops, markets and sells performance apparel, footwear and accessories. Its products are designed for athletic training, competition and everyday use, and include technical apparel, running and training shoes, sports accessories and connected fitness offerings. Founded in 1996 by Kevin Plank, the company built its early business around moisture-wicking performance apparel. Under Armour sells products through wholesale partners and its own direct-to-consumer channels, including retail stores and e-commerce.