Under Armour Inc (NYSE:UAA) – Investment analysts at B. Riley lowered their Q3 2018 earnings per share estimates for Under Armour in a research report issued to clients and investors on Thursday. B. Riley analyst S. Anderson now forecasts that the company will post earnings of $0.20 per share for the quarter, down from their previous forecast of $0.21. B. Riley also issued estimates for Under Armour’s FY2018 earnings at $0.12 EPS and FY2019 earnings at $0.16 EPS.
Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus upgraded Under Armour from a “hold” rating to a “buy” rating and increased their target price for the company from $12.00 to $17.00 in a report on Friday, December 15th. Vetr cut Under Armour from a “strong-buy” rating to a “buy” rating and set a $17.98 target price for the company. in a report on Wednesday, February 14th. Zacks Investment Research upgraded Under Armour from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Pivotal Research increased their price objective on Under Armour from $14.00 to $16.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Finally, Telsey Advisory Group increased their price objective on Under Armour from $13.00 to $15.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. Eighteen analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.92.
Shares of Under Armour (NYSE UAA) opened at $16.19 on Friday. The firm has a market capitalization of $7,030.52, a PE ratio of -134.91, a P/E/G ratio of 4.11 and a beta of -0.23. Under Armour has a fifty-two week low of $11.40 and a fifty-two week high of $23.46. The company has a current ratio of 2.20, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38.
In other news, insider Kerry D. Chandler sold 2,534 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $16.79, for a total value of $42,545.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.40% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in UAA. Dimensional Fund Advisors LP bought a new position in shares of Under Armour in the 2nd quarter worth approximately $8,625,000. Nationwide Fund Advisors increased its position in Under Armour by 6.8% during the 3rd quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock valued at $864,000 after buying an additional 3,338 shares in the last quarter. First Trust Advisors LP bought a new position in Under Armour during the 3rd quarter valued at approximately $196,000. Crossmark Global Holdings Inc. bought a new position in Under Armour during the 3rd quarter valued at approximately $251,000. Finally, Canada Pension Plan Investment Board increased its position in Under Armour by 48.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 38,520 shares of the company’s stock valued at $635,000 after buying an additional 12,500 shares in the last quarter. 33.76% of the stock is owned by hedge funds and other institutional investors.
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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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