Buckingham Research started coverage on shares of Under Armour (NYSE:UAA) in a research report report published on Friday. The brokerage issued a neutral rating and a $17.00 price objective on the stock.
A number of other analysts have also recently commented on UAA. Vetr raised shares of Under Armour from a sell rating to a hold rating and set a $16.00 target price for the company in a report on Thursday, September 28th. Telsey Advisory Group dropped their price target on shares of Under Armour from $18.00 to $12.00 and set a market perform rating for the company in a research report on Wednesday, November 1st. Cowen reiterated a market perform rating and issued a $18.00 price target on shares of Under Armour in a research report on Sunday, October 1st. ValuEngine lowered shares of Under Armour from a hold rating to a sell rating in a research report on Sunday, December 31st. Finally, KeyCorp upgraded shares of Under Armour from a sector weight rating to an overweight rating and upped their price target for the stock from $16.41 to $20.00 in a research report on Monday, September 25th. Seventeen equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Under Armour has an average rating of Hold and a consensus target price of $17.09.
Shares of Under Armour (NYSE:UAA) traded down $0.80 during mid-day trading on Friday, reaching $15.18. 5,967,185 shares of the company’s stock were exchanged, compared to its average volume of 6,511,220. Under Armour has a twelve month low of $11.40 and a twelve month high of $31.06. The stock has a market capitalization of $6,450.00, a PE ratio of 47.42, a P/E/G ratio of 4.15 and a beta of 0.04. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.
Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $1.49 billion. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. sell-side analysts predict that Under Armour will post 0.2 earnings per share for the current year.
Several large investors have recently modified their holdings of the stock. Baillie Gifford & Co. bought a new position in Under Armour during the second quarter valued at $532,573,000. Vanguard Group Inc. bought a new position in Under Armour during the second quarter valued at $393,172,000. BlackRock Inc. bought a new position in Under Armour during the second quarter valued at $238,861,000. Bamco Inc. NY lifted its position in Under Armour by 10.8% during the third quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock valued at $126,978,000 after purchasing an additional 750,325 shares during the last quarter. Finally, State Street Corp bought a new position in Under Armour during the second quarter valued at $157,325,000. Hedge funds and other institutional investors own 30.98% of the company’s stock.
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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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