Under Armour Inc (NYSE:UAA) – Equities researchers at William Blair decreased their Q4 2018 earnings per share (EPS) estimates for Under Armour in a research note issued to investors on Tuesday. William Blair analyst S. Zackfia now forecasts that the company will earn $0.07 per share for the quarter, down from their previous forecast of $0.10.
UAA has been the topic of several other research reports. Wells Fargo & Co reduced their target price on shares of Under Armour to $11.00 and set an “underperform” rating on the stock in a report on Tuesday, October 31st. Credit Suisse Group lifted their target price on shares of Under Armour from $12.02 to $12.25 and gave the company a “neutral” rating in a report on Tuesday, November 7th. Buckingham Research assumed coverage on shares of Under Armour in a report on Friday, January 5th. They set a “neutral” rating and a $17.00 target price on the stock. Vetr lowered shares of Under Armour from a “sell” rating to a “strong sell” rating and set a $12.00 target price on the stock. in a report on Monday, December 11th. Finally, Macquarie lowered shares of Under Armour from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $10.00 to $8.00 in a report on Tuesday, January 16th. Nineteen equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. Under Armour has a consensus rating of “Hold” and a consensus target price of $14.71.
Shares of Under Armour (NYSE:UAA) traded down $1.05 during midday trading on Thursday, hitting $17.36. 13,755,053 shares of the stock traded hands, compared to its average volume of 8,320,000. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 1.16. The stock has a market cap of $7,310.00, a PE ratio of -157.82, a PEG ratio of 4.98 and a beta of -0.04. Under Armour has a one year low of $11.40 and a one year high of $23.46.
A number of hedge funds have recently modified their holdings of UAA. BlackRock Inc. raised its stake in shares of Under Armour by 1.3% in the 4th quarter. BlackRock Inc. now owns 11,568,717 shares of the company’s stock valued at $166,937,000 after purchasing an additional 147,753 shares in the last quarter. Bamco Inc. NY raised its stake in shares of Under Armour by 10.8% in the 3rd 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 in the last quarter. State Street Corp acquired a new stake in shares of Under Armour in the 2nd quarter valued at about $157,325,000. Hexavest Inc. acquired a new stake in shares of Under Armour in the 4th quarter valued at about $39,368,000. Finally, Disciplined Growth Investors Inc. MN acquired a new stake in shares of Under Armour in the 3rd quarter valued at about $39,964,000. Hedge funds and other institutional investors own 31.93% 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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