Under Armour Inc (NYSE:UAA) has received an average recommendation of “Hold” from the twenty-five research firms that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $21.49.
A number of research analysts recently issued reports on the stock. ValuEngine raised shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Wells Fargo & Co raised shares of Under Armour from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $22.00 to $23.00 in a research note on Friday, November 30th. Stifel Nicolaus lifted their price objective on shares of Under Armour from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Monday, November 5th. Buckingham Research lifted their price objective on shares of Under Armour from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $22.00 price objective on shares of Under Armour in a research note on Wednesday, October 24th.
A number of institutional investors have recently modified their holdings of UAA. Nisa Investment Advisors LLC acquired a new stake in Under Armour in the second quarter valued at approximately $910,000. Cornerstone Wealth Management LLC acquired a new stake in Under Armour in the second quarter valued at approximately $370,000. Janney Montgomery Scott LLC boosted its position in Under Armour by 5.6% in the second quarter. Janney Montgomery Scott LLC now owns 85,733 shares of the company’s stock valued at $1,927,000 after buying an additional 4,554 shares in the last quarter. BP PLC acquired a new stake in Under Armour in the second quarter valued at approximately $607,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Under Armour by 6.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 80,153 shares of the company’s stock valued at $1,802,000 after buying an additional 5,005 shares in the last quarter. Hedge funds and other institutional investors own 41.83% of the company’s stock.
Shares of UAA traded up $0.73 during mid-day trading on Friday, hitting $24.07. 5,683,000 shares of the company’s stock were exchanged, compared to its average volume of 5,764,592. Under Armour has a 52 week low of $12.50 and a 52 week high of $24.96. The stock has a market capitalization of $10.46 billion, a PE ratio of 126.63, a P/E/G ratio of 5.22 and a beta of -0.43. The company has a current ratio of 1.99, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35.
Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 negative net margin of 2.68% and a positive return on equity of 3.96%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share. Equities research analysts predict that Under Armour will post 0.22 earnings per share for the current fiscal year.
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.
Recommended Story: What is a Roth IRA?
Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.