Under Armour Inc (NYSE:UAA) has earned a consensus rating of “Hold” from the nineteen ratings firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $24.47.
UAA has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised shares of Under Armour from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $23.00 to $29.00 in a report on Friday, May 17th. Wells Fargo & Co boosted their price objective on shares of Under Armour from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Thursday, June 13th. ValuEngine cut shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, May 8th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $25.00 price objective (up from $22.00) on shares of Under Armour in a research note on Thursday, July 25th.
Shares of Under Armour stock traded up $0.17 during trading on Thursday, reaching $19.85. The company’s stock had a trading volume of 4,460,500 shares, compared to its average volume of 4,916,983. The stock has a 50-day moving average price of $24.88. The company has a market capitalization of $9.07 billion, a price-to-earnings ratio of 73.52, a PEG ratio of 2.21 and a beta of 0.51. Under Armour has a fifty-two week low of $16.52 and a fifty-two week high of $27.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.11 and a current ratio of 1.83.
Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, July 30th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Under Armour had a net margin of 1.62% and a return on equity of 7.86%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) EPS. As a group, sell-side analysts anticipate that Under Armour will post 0.34 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC lifted its holdings in Under Armour by 3.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,021,390 shares of the company’s stock valued at $25,892,000 after purchasing an additional 32,745 shares in the last quarter. Ossiam purchased a new position in Under Armour in the 2nd quarter valued at about $30,000. Pictet Asset Management Ltd. lifted its holdings in Under Armour by 12.8% in the 2nd quarter. Pictet Asset Management Ltd. now owns 47,671 shares of the company’s stock valued at $1,208,000 after purchasing an additional 5,418 shares in the last quarter. Cibc World Markets Corp lifted its holdings in Under Armour by 167.2% in the 2nd quarter. Cibc World Markets Corp now owns 66,434 shares of the company’s stock valued at $1,577,000 after purchasing an additional 41,567 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Under Armour by 1.1% in the 2nd quarter. Northern Trust Corp now owns 2,187,646 shares of the company’s stock valued at $55,457,000 after purchasing an additional 24,469 shares in the last quarter. 37.29% of the stock is currently 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 and cold.
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