Under Armour (UAA) PT Raised to $13.00 at Canaccord Genuity

Under Armour (NYSE:UAA) had its price objective hoisted by equities research analysts at Canaccord Genuity from $12.00 to $13.00 in a report released on Wednesday. The brokerage currently has a “sell” rating on the stock. Canaccord Genuity’s price objective would indicate a potential downside of 44.80% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. ValuEngine raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. B. Riley reaffirmed a “sell” rating on shares of Under Armour in a research report on Friday, July 27th. SunTrust Banks upped their target price on shares of Under Armour to $20.00 and gave the company a “hold” rating in a research report on Friday, July 27th. Morgan Stanley started coverage on shares of Under Armour in a research report on Wednesday, August 1st. They set an “equal weight” rating and a $20.00 price target on the stock. Finally, Pivotal Research increased their price target on shares of Under Armour from $20.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.26.

NYSE UAA opened at $23.55 on Wednesday. Under Armour has a 12 month low of $11.40 and a 12 month high of $24.69. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.99. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of 123.96, a P/E/G ratio of 5.63 and a beta of -0.42.

Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, October 30th. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.13. Under Armour had a negative net margin of 2.68% and a positive return on equity of 3.96%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the company posted $0.22 earnings per share. Under Armour’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts predict that Under Armour will post 0.21 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of UAA. Point72 Hong Kong Ltd raised its holdings in Under Armour by 813.9% in the second quarter. Point72 Hong Kong Ltd now owns 5,849 shares of the company’s stock valued at $131,000 after acquiring an additional 5,209 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in Under Armour in the third quarter valued at approximately $138,000. Exane Derivatives raised its holdings in Under Armour by 15,240.0% in the third quarter. Exane Derivatives now owns 6,903 shares of the company’s stock valued at $148,000 after acquiring an additional 6,858 shares in the last quarter. Cerebellum GP LLC acquired a new stake in Under Armour in the second quarter valued at approximately $171,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in Under Armour in the second quarter valued at approximately $370,000. 36.87% of the stock is currently owned by institutional investors and hedge funds.

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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