Under Armour (NYSE:UAA) had its price target lifted by equities research analysts at Stifel Nicolaus from $27.00 to $30.00 in a report released on Monday, The Fly reports. The brokerage currently has a “sell” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 28.76% from the company’s current price.
Other research analysts have also issued reports about the company. Citigroup increased their price objective on Under Armour from $18.00 to $22.00 and gave the stock a “$21.81” rating in a research report on Wednesday, July 18th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday, October 4th. ValuEngine upgraded Under Armour from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Morgan Stanley started coverage on Under Armour in a research report on Wednesday, August 1st. They issued an “equal weight” rating and a $20.00 price objective for the company. Finally, SunTrust Banks increased their price objective on Under Armour to $20.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. Six investment 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 stock presently has an average rating of “Hold” and a consensus target price of $20.90.
Shares of Under Armour stock opened at $23.30 on Monday. The company has a market capitalization of $10.55 billion, a P/E ratio of 122.63, a price-to-earnings-growth ratio of 5.29 and a beta of -0.45. Under Armour has a fifty-two week low of $11.67 and a fifty-two week high of $24.69. The company has a quick ratio of 1.09, 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. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. Under Armour had a positive return on equity of 3.96% and a negative net margin of 2.68%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. Equities research analysts predict that Under Armour will post 0.22 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd boosted its position in shares of Under Armour by 813.9% during the second quarter. Point72 Hong Kong Ltd now owns 5,849 shares of the company’s stock worth $131,000 after buying an additional 5,209 shares during the period. NEXT Financial Group Inc purchased a new position in Under Armour in the third quarter valued at $138,000. Exane Derivatives boosted 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 purchasing an additional 6,858 shares during the period. Cornerstone Wealth Management LLC purchased a new position in Under Armour in the second quarter valued at $370,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Under Armour by 119.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,921 shares of the company’s stock valued at $201,000 after purchasing an additional 4,848 shares during the period. Institutional investors and hedge funds own 36.86% 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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