Under Armour Inc (NYSE:UAA) – Research analysts at Jefferies Financial Group lifted their FY2018 EPS estimates for shares of Under Armour in a report released on Tuesday, October 30th. Jefferies Financial Group analyst R. Konik now expects that the company will post earnings of $0.30 per share for the year, up from their prior forecast of $0.20.
Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.13. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Under Armour had a positive return on equity of 3.96% and a negative net margin of 2.68%. The business’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 posted $0.22 EPS.
A number of other research firms also recently commented on UAA. Canaccord Genuity upped their price objective on Under Armour from $12.00 to $13.00 and gave the stock a “sell” rating in a report on Wednesday. ValuEngine upgraded Under Armour from a “hold” rating to a “buy” rating in a report on Wednesday. Pivotal Research upped their price objective on Under Armour from $20.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday. Telsey Advisory Group restated a “market perform” rating and set a $25.00 price objective (up from $22.00) on shares of Under Armour in a report on Wednesday. Finally, Morgan Stanley upped their price objective on Under Armour from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Under Armour presently has an average rating of “Hold” and a consensus price target of $20.26.
UAA stock opened at $23.70 on Friday. The firm has a market cap of $10.55 billion, a PE ratio of 139.41, a PEG ratio of 5.27 and a beta of -0.45. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 0.94. Under Armour has a 52 week low of $11.40 and a 52 week high of $24.69.
Large investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd boosted its position in Under Armour by 813.9% in the 2nd quarter. Point72 Hong Kong Ltd now owns 5,849 shares of the company’s stock valued at $131,000 after buying an additional 5,209 shares during the last quarter. NEXT Financial Group Inc purchased a new position in Under Armour in the 3rd quarter valued at about $138,000. Exane Derivatives boosted its position in Under Armour by 15,240.0% in the 3rd quarter. Exane Derivatives now owns 6,903 shares of the company’s stock valued at $148,000 after buying an additional 6,858 shares during the last quarter. Cerebellum GP LLC purchased a new position in Under Armour in the 2nd quarter valued at about $171,000. Finally, Cornerstone Wealth Management LLC purchased a new position in Under Armour in the 2nd quarter valued at about $370,000. 36.87% of the stock is owned by institutional investors.
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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