Buckingham Research initiated coverage on shares of Under Armour (NYSE:UAA) in a report issued on Friday, January 5th. The firm issued a neutral rating and a $17.00 target price on the stock.
A number of other equities analysts also recently weighed in on the stock. Vetr downgraded shares of Under Armour from a sell rating to a strong sell rating and set a $13.90 price target on the stock. in a report on Wednesday, January 3rd. ValuEngine cut Under Armour from a hold rating to a sell rating in a research note on Sunday, December 31st. Zacks Investment Research cut Under Armour from a hold rating to a sell rating in a research note on Wednesday, December 20th. Stifel Nicolaus upgraded Under Armour from a hold rating to a buy rating and boosted their price objective for the company from $12.00 to $17.00 in a research note on Friday, December 15th. Finally, Nomura boosted their price objective on Under Armour from $9.00 to $13.00 and gave the company a reduce rating in a research note on Friday, November 10th. Eighteen research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average target price of $15.16.
Shares of Under Armour (NYSE UAA) opened at $13.86 on Friday. The firm has a market cap of $5,870.00, a price-to-earnings ratio of 43.31, a PEG ratio of 3.66 and a beta of 0.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16. Under Armour has a one year low of $11.40 and a one year high of $23.46.
Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. Under Armour’s quarterly revenue was down 4.5% compared to the same quarter last year. analysts expect that Under Armour will post 0.2 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Aldebaran Financial Inc. raised its holdings in Under Armour by 8.3% in the second quarter. Aldebaran Financial Inc. now owns 27,310 shares of the company’s stock worth $594,000 after purchasing an additional 2,090 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Under Armour by 6.8% in the third quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock worth $864,000 after purchasing an additional 3,338 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in Under Armour by 0.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 835,601 shares of the company’s stock worth $12,058,000 after purchasing an additional 3,538 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Under Armour by 42.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,180 shares of the company’s stock worth $204,000 after purchasing an additional 4,230 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Under Armour by 17.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 34,000 shares of the company’s stock valued at $491,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 32.09% 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.
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