Under Armour (NYSE:UAA) was downgraded by investment analysts at Vetr from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday, January 3rd. They currently have a $13.90 price target on the stock. Vetr‘s price objective indicates a potential downside of 9.15% from the stock’s current price.
Several other research firms have also recently weighed in on UAA. Sanford C. Bernstein began coverage on shares of Under Armour in a report on Tuesday, September 12th. They set an “underperform” rating and a $14.00 price target on the stock. Wells Fargo & Co cut shares of Under Armour from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $17.00 to $13.00 in a research note on Tuesday, September 19th. Jefferies Group reissued a “buy” rating and issued a $28.00 price target on shares of Under Armour in a research report on Thursday, September 7th. Zacks Investment Research lowered shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Piper Jaffray Companies lowered their price target on shares of Under Armour from $17.00 to $14.00 and set an “average” rating on the stock in a research report on Wednesday, October 11th. Seventeen investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $17.09.
Under Armour (NYSE:UAA) traded up $0.24 during trading on Wednesday, reaching $15.30. 4,873,423 shares of the company traded hands, compared to its average volume of 5,670,000. Under Armour has a 1-year low of $11.40 and a 1-year high of $30.75. The stock has a market capitalization of $6,500.00, a PE ratio of 47.81, a PEG 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 released its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, topping 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 revenue for the quarter was down 4.5% on a year-over-year basis. equities analysts predict that Under Armour will post 0.2 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. bought a new position in shares of Under Armour in the 2nd quarter worth about $118,000. Municipal Employees Retirement System of Michigan bought a new stake in Under Armour during the 2nd quarter valued at about $129,000. WFG Advisors LP purchased a new stake in shares of Under Armour during the 2nd quarter valued at about $132,000. Nordea Investment Management AB purchased a new stake in shares of Under Armour during the 2nd quarter valued at about $156,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Under Armour during the 3rd quarter valued at about $163,000. Institutional investors own 30.98% of the company’s stock.
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About Under Armour
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.
To view Vetr’s full report, visit Vetr’s official website.
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