Under Armour (NYSE:UAA) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday.
Other equities research analysts have also recently issued reports about the company. DA Davidson increased their target price on Under Armour from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Pivotal Research increased their target price on Under Armour from $14.00 to $16.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Stifel Nicolaus increased their target price on Under Armour from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Finally, Citigroup reissued a “neutral” rating and issued a $17.00 target price on shares of Under Armour in a research note on Wednesday, February 14th. Fourteen investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Under Armour has an average rating of “Hold” and an average target price of $14.84.
Under Armour opened at $20.12 on Thursday, according to MarketBeat. Under Armour has a 12 month low of $11.40 and a 12 month high of $23.46. The firm has a market capitalization of $9.07 billion, a PE ratio of 105.89, a P/E/G ratio of 5.49 and a beta of -0.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.10 and a current ratio of 1.97.
Under Armour (NYSE:UAA) last released its earnings results on Tuesday, May 1st. The company reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.05. Under Armour had a positive return on equity of 4.32% and a negative net margin of 1.51%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the firm posted ($0.01) earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. equities analysts anticipate that Under Armour will post 0.18 earnings per share for the current year.
In other Under Armour news, insider Kerry D. Chandler sold 2,534 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which is available through this hyperlink. Also, Director Harvey Sanders sold 6,513 shares of the firm’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $18.36, for a total value of $119,578.68. The disclosure for this sale can be found here. Insiders sold 15,555 shares of company stock worth $277,316 over the last three months. Insiders own 16.40% of the company’s stock.
A number of large investors have recently made changes to their positions in UAA. Delpha Capital Management LLC purchased a new position in Under Armour in the fourth quarter worth about $110,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Under Armour in the first quarter worth about $112,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Under Armour by 248.0% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,700 shares of the company’s stock worth $126,000 after buying an additional 6,200 shares during the period. Vantage Investment Advisors LLC raised its stake in shares of Under Armour by 240.0% in the fourth quarter. Vantage Investment Advisors LLC now owns 10,092 shares of the company’s stock worth $128,000 after buying an additional 7,124 shares during the period. Finally, Calton & Associates Inc. bought a new position in shares of Under Armour in the fourth quarter worth about $131,000. 33.19% of the stock is currently owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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