Under Armour Inc (NYSE:UAA) – Analysts at B. Riley decreased their Q4 2018 earnings per share (EPS) estimates for shares of Under Armour in a research report issued on Wednesday, October 31st. B. Riley analyst S. Anderson now forecasts that the company will earn $0.00 per share for the quarter, down from their prior estimate of $0.11. B. Riley has a “Sell” rating on the stock.
Several other analysts have also weighed in on UAA. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a report on Saturday, July 7th. Citigroup increased their price target on Under Armour from $18.00 to $22.00 and gave the company a “$21.81” rating in a report on Wednesday, July 18th. Wedbush increased their price target on Under Armour from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, July 20th. Telsey Advisory Group increased their price target on Under Armour from $15.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, July 23rd. Finally, ValuEngine upgraded Under Armour from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. 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 issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $20.26.
Shares of UAA opened at $23.70 on Friday. The company has a market cap of $10.34 billion, a PE ratio of 124.74, a PEG ratio of 5.63 and a beta of -0.42. Under Armour has a 1 year low of $11.40 and a 1 year 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.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.13. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Under Armour had a positive return on equity of 3.96% and a negative net margin of 2.68%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS.
A number of institutional investors have recently made changes to their positions in UAA. ANTIPODES PARTNERS Ltd bought a new position in Under Armour in the 2nd quarter valued at $49,446,000. Millennium Management LLC bought a new position in Under Armour in the 2nd quarter valued at $31,283,000. Artisan Partners Limited Partnership bought a new position in Under Armour in the 2nd quarter valued at $29,009,000. Gateway Investment Advisers LLC bought a new position in Under Armour in the 2nd quarter valued at $15,803,000. Finally, Bank of New York Mellon Corp grew its position in Under Armour by 35.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,502,746 shares of the company’s stock valued at $56,261,000 after acquiring an additional 658,769 shares during the last quarter. 36.87% of the stock is currently owned by institutional investors.
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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