Buckingham Research started coverage on shares of Under Armour (NYSE:UAA) in a research report sent to investors on Friday, January 5th. The brokerage issued a neutral rating and a $17.00 price objective on the stock.
Several other brokerages have also issued reports on UAA. Stifel Nicolaus raised Under Armour from a hold rating to a buy rating and raised their target price for the company from $12.00 to $17.00 in a research report on Friday, December 15th. Wedbush reaffirmed a neutral rating and set a $11.00 target price (down from $17.00) on shares of Under Armour in a research report on Wednesday, November 1st. Sanford C. Bernstein assumed coverage on Under Armour in a research report on Tuesday, September 12th. They set an underperform rating and a $14.00 target price for the company. Vetr lowered Under Armour from a hold rating to a sell rating and set a $16.78 price objective for the company. in a report on Thursday, September 7th. Finally, Canaccord Genuity reissued a hold rating and issued a $15.00 price objective (down previously from $18.00) on shares of Under Armour in a report on Thursday, October 12th. Eighteen equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $17.09.
Under Armour (UAA) traded down $1.31 during trading on Friday, hitting $13.81. The company’s stock had a trading volume of 13,364,792 shares, compared to its average volume of 6,049,833. Under Armour has a 52-week low of $11.40 and a 52-week high of $30.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16. The company has a market cap of $5,890.00, a PE ratio of 43.16, a price-to-earnings-growth ratio of 3.76 and a beta of 0.04.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. Under Armour’s revenue was down 4.5% compared to the same quarter last year. sell-side analysts expect that Under Armour will post 0.2 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in UAA. Baillie Gifford & Co. purchased a new position in shares of Under Armour during the second quarter valued at approximately $532,573,000. Vanguard Group Inc. purchased a new position in shares of Under Armour during the second quarter valued at approximately $393,172,000. BlackRock Inc. purchased a new position in shares of Under Armour during the second quarter valued at approximately $238,861,000. Bamco Inc. NY increased its stake in shares of 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 buying an additional 750,325 shares during the period. Finally, State Street Corp purchased a new position in shares of Under Armour during the second quarter valued at approximately $157,325,000. 31.00% of the stock is currently owned by institutional investors and hedge funds.
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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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