Under Armour (NYSE:UA) Shares Down 4.5% – What’s Next?

Under Armour, Inc. (NYSE:UA)’s share price dropped 4.5% during trading on Wednesday. The company traded as low as $4.76 and last traded at $4.7750. Approximately 517,626 shares changed hands during trading, a decline of 85% from the average daily volume of 3,399,212 shares. The stock had previously closed at $5.00.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Under Armour from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Sell” and a consensus price target of $5.50.

Under Armour Stock Down 2.5%

The firm’s fifty day simple moving average is $4.77 and its two-hundred day simple moving average is $5.77. 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 $2.09 billion, a price-to-earnings ratio of -4.38 and a beta of 1.51.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its stake in Under Armour by 80.0% during the first quarter. International Assets Investment Management LLC now owns 4,500 shares of the company’s stock worth $25,000 after acquiring an additional 2,000 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Under Armour by 150.2% in the 3rd quarter. Versant Capital Management Inc now owns 5,869 shares of the company’s stock valued at $26,000 after purchasing an additional 3,523 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of Under Armour by 19.4% in the 1st quarter. HB Wealth Management LLC now owns 21,828 shares of the company’s stock valued at $126,000 after purchasing an additional 3,551 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of Under Armour during the 1st quarter worth $26,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Under Armour by 10.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 62,104 shares of the company’s stock worth $360,000 after purchasing an additional 5,887 shares during the period. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Company Profile

Under Armour, Inc. develops, markets and distributes performance apparel, footwear and accessories for athletes and consumers. Its products include training and running apparel, athletic shoes, sports bras and accessories such as bags and headwear. Founded in 1996 by Kevin Plank, the company is headquartered in Baltimore, Maryland. Under Armour sells its products internationally through wholesale partners, company-operated stores and e-commerce channels.