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

Under Armour, Inc. (NYSE:UAA - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $4.82 and last traded at $4.91, with a volume of 1189749 shares trading hands. The stock had previously closed at $5.26.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com raised Under Armour from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th. UBS Group dropped their target price on shares of Under Armour from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Evercore ISI reduced their price target on shares of Under Armour from $8.00 to $7.00 and set an "underperform" rating on the stock in a research report on Monday, February 10th. Morgan Stanley reiterated an "underweight" rating and set a $4.00 target price on shares of Under Armour in a report on Friday, December 13th. Finally, Needham & Company LLC restated a "hold" rating on shares of Under Armour in a research note on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $9.12.

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Under Armour Stock Performance

The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $2.22 billion, a P/E ratio of -17.84 and a beta of 1.49. The business's 50 day simple moving average is $6.63 and its two-hundred day simple moving average is $8.11.

Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates 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 period last year, the company posted $0.19 earnings per share. Sell-side analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Under Armour

Several institutional investors have recently modified their holdings of the business. Empowered Funds LLC purchased a new stake in shares of Under Armour during the 4th quarter valued at about $412,000. Teacher Retirement System of Texas purchased a new stake in Under Armour in the fourth quarter worth approximately $313,000. Fox Run Management L.L.C. grew its position in Under Armour by 215.1% in the 4th quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company's stock worth $568,000 after purchasing an additional 46,828 shares during the period. Bank of New York Mellon Corp raised its stake in Under Armour by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company's stock valued at $11,853,000 after buying an additional 150,958 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Under Armour by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company's stock valued at $128,741,000 after buying an additional 263,988 shares during the period. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Company Profile

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.