Under Armour Inc (NYSE:UAA) – Stock analysts at KeyCorp cut their Q4 2018 earnings per share (EPS) estimates for shares of Under Armour in a research report issued to clients and investors on Tuesday, October 30th. KeyCorp analyst E. Yruma now forecasts that the company will earn $0.04 per share for the quarter, down from their previous forecast of $0.14. KeyCorp also issued estimates for Under Armour’s Q3 2019 earnings at $0.28 EPS and Q4 2019 earnings at $0.05 EPS.
Several other research firms have also commented on UAA. Pivotal Research raised their price target on Under Armour from $20.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday. Wedbush raised their price target on Under Armour from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, July 20th. Credit Suisse Group raised their price target on Under Armour from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. ValuEngine upgraded Under Armour from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Morgan Stanley started coverage on Under Armour in a research report on Wednesday, August 1st. They set an “equal weight” rating and a $20.00 price target for the company. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Under Armour has an average rating of “Hold” and a consensus target price of $20.26.
Shares of UAA traded up $0.11 during midday trading on Friday, hitting $23.45. 129,890 shares of the stock were exchanged, compared to its average volume of 5,941,763. Under Armour has a 52-week low of $11.40 and a 52-week high of $24.69. The firm has a market cap of $10.34 billion, a P/E ratio of 123.79, a P/E/G ratio of 5.63 and a beta of -0.42. The company has a quick ratio of 0.94, a current ratio of 1.99 and a debt-to-equity ratio of 0.35.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.13. Under Armour had a positive return on equity of 3.96% and a negative net margin of 2.68%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the business posted $0.22 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year.
Several institutional investors have recently bought and sold shares of UAA. Cornerstone Wealth Management LLC bought a new stake in Under Armour during the second quarter worth approximately $370,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in shares of Under Armour during the 3rd quarter valued at about $1,547,000. W.E. Donoghue & Co. LLC bought a new position in shares of Under Armour in the second quarter worth about $2,223,000. UMB Bank N A MO bought a new position in shares of Under Armour in the second quarter worth about $883,000. Finally, Toronto Dominion Bank lifted its holdings in shares of Under Armour by 33.9% in the second quarter. Toronto Dominion Bank now owns 133,718 shares of the company’s stock worth $3,006,000 after acquiring an additional 33,854 shares during the last quarter. Institutional investors and hedge funds own 36.87% of the company’s stock.
Under Armour Company Profile
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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