ValuEngine upgraded shares of Under Armour (NYSE:UAA) from a hold rating to a buy rating in a report published on Monday, ValuEngine reports.
A number of other research analysts have also weighed in on the stock. Wells Fargo & Co reaffirmed a hold rating on shares of Medidata Solutions in a research note on Thursday, June 13th. Credit Suisse Group raised shares of ConocoPhillips from a neutral rating to an outperform rating and set a $75.00 price target on the stock in a research note on Tuesday, April 30th. Zacks Investment Research lowered shares of Haynes International from a hold rating to a sell rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. set a $195.00 price target on shares of bluebird bio and gave the company a buy rating in a research note on Friday, May 17th. Finally, Citigroup began coverage on shares of Dicks Sporting Goods in a research note on Wednesday, April 10th. They issued a neutral rating and a $40.00 price target on the stock. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $23.53.
Shares of Under Armour stock opened at $26.56 on Monday. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 98.37, a PEG ratio of 2.75 and a beta of 0.47. Under Armour has a twelve month low of $16.52 and a twelve month high of $27.50. The company has a 50-day moving average of $25.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.02 and a quick ratio of 1.22.
Under Armour (NYSE:UAA) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. Under Armour had a net margin of 0.12% and a return on equity of 7.17%. Under Armour’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Under Armour will post 0.35 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc grew its holdings in Under Armour by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 18,886,120 shares of the company’s stock valued at $400,763,000 after buying an additional 120,978 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Under Armour by 10.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 75,193 shares of the company’s stock valued at $1,328,000 after buying an additional 7,092 shares in the last quarter. California Public Employees Retirement System grew its holdings in Under Armour by 13.9% in the 4th quarter. California Public Employees Retirement System now owns 276,759 shares of the company’s stock valued at $4,890,000 after buying an additional 33,696 shares in the last quarter. BlackRock Inc. grew its holdings in Under Armour by 5.1% in the 4th quarter. BlackRock Inc. now owns 12,307,017 shares of the company’s stock valued at $217,463,000 after buying an additional 596,283 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Under Armour by 15.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,644 shares of the company’s stock valued at $418,000 after buying an additional 3,147 shares in the last quarter. 37.95% of the stock is currently owned by institutional investors and hedge funds.
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 and cold.
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