Under Armour (NYSE:UAA) Sets New 52-Week Low - Here's Why

Under Armour, Inc. (NYSE:UAA - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.10 and last traded at $6.18, with a volume of 648039 shares trading hands. The stock had previously closed at $6.30.

Analysts Set New Price Targets

A number of research firms have recently commented on UAA. StockNews.com upgraded Under Armour from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th. Needham & Company LLC reaffirmed a "hold" rating on shares of Under Armour in a research report on Friday, February 7th. UBS Group reduced their price objective on Under Armour from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Morgan Stanley reaffirmed an "underweight" rating and issued a $4.00 target price on shares of Under Armour in a report on Friday, December 13th. Finally, TD Cowen upped their price target on shares of Under Armour from $10.00 to $11.00 and gave the company a "hold" rating in a research report on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $9.06.

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Under Armour Price Performance

The stock has a fifty day moving average of $7.18 and a two-hundred day moving average of $8.28. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of -22.76 and a beta of 1.63. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter last year, the company posted $0.19 EPS. On average, equities research analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Under Armour

Hedge funds and other institutional investors have recently modified their holdings of the stock. 111 Capital purchased a new position in Under Armour in the 4th quarter valued at approximately $412,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Under Armour by 30.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,035 shares of the company's stock valued at $149,000 after buying an additional 4,175 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Under Armour by 421.4% during the 4th quarter. Mackenzie Financial Corp now owns 53,241 shares of the company's stock worth $441,000 after buying an additional 43,029 shares during the last quarter. Vise Technologies Inc. boosted its position in shares of Under Armour by 13.7% in the 4th quarter. Vise Technologies Inc. now owns 36,365 shares of the company's stock worth $301,000 after buying an additional 4,371 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Under Armour by 279.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,727,901 shares of the company's stock valued at $14,307,000 after acquiring an additional 1,273,129 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.