Under Armour, Inc. (NYSE:UAA) was downgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a note issued to investors on Tuesday, October 31st, MarketBeat.com reports. They presently have a $10.00 price objective on the stock, down from their prior price objective of $13.00. J P Morgan Chase & Co’s price target would suggest a potential downside of 20.13% from the stock’s current price.
Several other equities research analysts have also recently commented on UAA. Vetr raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $22.36 price target on the stock in a research report on Monday, July 3rd. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, July 4th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Under Armour in a research report on Friday, July 7th. Susquehanna Bancshares Inc boosted their price target on shares of Under Armour from $14.00 to $17.00 in a research report on Friday, July 7th. Finally, OTR Global reaffirmed a “negative” rating on shares of Under Armour in a report on Tuesday, July 18th. Eighteen investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.04.
Under Armour (NYSE:UAA) traded up $0.51 on Tuesday, reaching $12.52. 7,865,100 shares of the company traded hands, compared to its average volume of 10,267,496. The company has a market cap of $5,521.16, a PE ratio of 30.54, a P/E/G ratio of 3.71 and a beta of -0.15. Under Armour has a 1-year low of $11.40 and a 1-year high of $33.45. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37.
Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 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 business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.49 billion. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. equities research analysts predict that Under Armour will post 0.2 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. bought a new position in shares of Under Armour during the second quarter valued at about $118,000. Cornerstone Advisors Inc. bought a new position in shares of Under Armour during the second quarter valued at about $124,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Under Armour during the second quarter valued at about $129,000. WFG Advisors LP bought a new position in shares of Under Armour during the second quarter valued at about $132,000. Finally, Global X Management Co. LLC bought a new position in shares of Under Armour during the second quarter valued at about $134,000. 30.43% of the stock is currently owned by institutional investors.
Under Armour Company Profile
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.
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