Shares of Under Armour Inc (NYSE:UAA) have been assigned a consensus rating of “Hold” from the forty-three ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seventeen research analysts have rated the stock with a sell recommendation, nineteen have assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $16.74.
Several equities analysts have recently commented on the stock. Wells Fargo & Co lowered shares of Under Armour from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $17.00 to $13.00 in a report on Tuesday, September 19th. Zacks Investment Research lowered shares of Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Piper Jaffray Companies cut their target price on shares of Under Armour from $17.00 to $14.00 and set an “average” rating on the stock in a research note on Wednesday, October 11th. Wedbush reaffirmed a “neutral” rating and set a $17.00 target price on shares of Under Armour in a research note on Tuesday, October 3rd. Finally, Buckingham Research started coverage on shares of Under Armour in a research note on Friday, January 5th. They set a “neutral” rating and a $17.00 target price on the stock.
Several large investors have recently made changes to their positions in UAA. D.A. Davidson & CO. acquired a new position in shares of Under Armour in the 2nd quarter valued at $118,000. WFG Advisors LP acquired a new position in shares of Under Armour in the 2nd quarter valued at $132,000. Nordea Investment Management AB acquired a new position in shares of Under Armour in the 2nd quarter valued at $156,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Under Armour in the 3rd quarter valued at $163,000. Finally, Pacer Advisors Inc. acquired a new position in shares of Under Armour in the 2nd quarter valued at $164,000. 30.98% of the stock is currently owned by institutional investors.
Shares of Under Armour (UAA) traded down $0.18 during mid-day trading on Wednesday, hitting $15.12. 4,625,400 shares of the stock traded hands, compared to its average volume of 5,710,000. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.23. Under Armour has a 52-week low of $11.40 and a 52-week high of $30.59. The firm has a market cap of $6,410.00, a price-to-earnings ratio of 47.25, a P/E/G ratio of 3.80 and a beta of 0.04.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. Under Armour’s quarterly revenue was down 4.5% on a year-over-year basis. analysts forecast that Under Armour will post 0.2 EPS for the current fiscal year.
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Under Armour Company Profile
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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