Under Armour (NYSE:UAA) – Equities researchers at B. Riley reduced their Q3 2018 earnings per share (EPS) estimates for Under Armour in a research note issued on Thursday, March 15th, Zacks Investment Research reports. B. Riley analyst S. Anderson now anticipates that the company will post earnings of $0.20 per share for the quarter, down from their prior estimate 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.
UAA has been the subject of a number of other reports. Buckingham Research assumed coverage on Under Armour in a research report on Friday, January 5th. They issued a “neutral” rating and a $17.00 target price for the company. Vetr lowered Under Armour from a “sell” rating to a “strong sell” rating and set a $12.00 target price for the company. in a research report on Monday, December 11th. Macquarie lowered Under Armour from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $10.00 to $8.00 in a research report on Tuesday, January 16th. Canaccord Genuity reaffirmed a “sell” rating and issued a $9.00 target price on shares of Under Armour in a research report on Friday, March 16th. Finally, Zacks Investment Research lowered Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Eighteen equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $14.92.
Shares of NYSE:UAA traded down $0.49 during midday trading on Friday, reaching $16.98. The company’s stock had a trading volume of 3,742,510 shares, compared to its average volume of 5,711,001. Under Armour has a fifty-two week low of $11.40 and a fifty-two week high of $23.46. The company has a market capitalization of $7,508.06, a price-to-earnings ratio of 89.37, a P/E/G ratio of 4.79 and a beta of -0.23. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 1.11.
Several hedge funds have recently added to or reduced their stakes in the company. Nationwide Fund Advisors grew its holdings in shares of Under Armour by 6.8% in the third quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock valued at $864,000 after acquiring an additional 3,338 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Under Armour by 0.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 835,601 shares of the company’s stock valued at $12,058,000 after purchasing an additional 3,538 shares during the last quarter. Almanack Investment Partners LLC. lifted its stake in Under Armour by 38.0% in the fourth quarter. Almanack Investment Partners LLC. now owns 13,710 shares of the company’s stock valued at $193,000 after purchasing an additional 3,776 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Under Armour by 15.6% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 28,832 shares of the company’s stock valued at $416,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its stake in Under Armour by 12.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 34,807 shares of the company’s stock valued at $501,000 after purchasing an additional 3,986 shares during the last quarter. 33.67% of the stock is owned by institutional investors.
In other news, insider Kerry D. Chandler sold 2,534 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 16.40% of the company’s stock.
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About Under Armour
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.
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