Goldman Sachs Group set a $26.00 price target on Under Armour (NYSE:UAA) in a research report sent to investors on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other research analysts have also commented on the stock. Pivotal Research reduced their price objective on shares of Under Armour from $25.00 to $22.00 and set a hold rating for the company in a research note on Tuesday, October 29th. Credit Suisse Group reaffirmed a neutral rating and issued a $25.00 price objective on shares of Under Armour in a report on Thursday, October 31st. ValuEngine upgraded shares of Under Armour from a sell rating to a hold rating in a research note on Wednesday, October 30th. Susquehanna Bancshares reduced their price objective on shares of Under Armour from $16.00 to $14.00 and set a negative rating for the company in a research report on Friday, October 18th. Finally, Sanford C. Bernstein upgraded shares of Under Armour from an underperform rating to a market perform rating and upped their price objective for the stock from $16.00 to $17.00 in a research report on Tuesday, September 3rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. Under Armour presently has an average rating of Hold and a consensus price target of $22.06.
UAA traded down $0.03 during trading on Tuesday, hitting $17.56. The company’s stock had a trading volume of 4,307,528 shares, compared to its average volume of 4,841,703. The firm has a market cap of $7.94 billion, a PE ratio of 65.04, a P/E/G ratio of 1.87 and a beta of 0.61. Under Armour has a one year low of $16.52 and a one year high of $27.72. The business’s 50 day simple moving average is $19.85 and its 200-day simple moving average is $22.30. The company has a quick ratio of 1.11, a current ratio of 2.05 and a debt-to-equity ratio of 0.55.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Under Armour had a net margin of 2.14% and a return on equity of 7.24%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the company posted $0.25 EPS. The business’s revenue was down .9% on a year-over-year basis. Equities research analysts expect that Under Armour will post 0.34 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of UAA. Nuveen Asset Management LLC bought a new stake in shares of Under Armour during the second quarter worth $110,113,000. Vanguard Group Inc. grew its holdings in Under Armour by 9.4% in the 2nd quarter. Vanguard Group Inc. now owns 20,861,766 shares of the company’s stock valued at $528,846,000 after buying an additional 1,789,685 shares during the last quarter. Holocene Advisors LP acquired a new stake in shares of Under Armour during the 2nd quarter worth approximately $19,345,000. Worldquant Millennium Advisors LLC grew its holdings in shares of Under Armour by 79.1% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,268,174 shares of the company’s stock worth $32,148,000 after purchasing an additional 560,194 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Under Armour by 4.3% during the 2nd quarter. BlackRock Inc. now owns 12,569,497 shares of the company’s stock worth $318,635,000 after buying an additional 515,462 shares during the period. Institutional investors and hedge funds own 38.61% 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 and cold.
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