Shares of Under Armour Inc (NYSE:UA) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $23.10.
A number of equities analysts have issued reports on UA shares. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research report on Thursday, October 10th. Susquehanna Bancshares set a $14.00 price target on shares of Under Armour and gave the stock a “sell” rating in a research report on Friday, October 18th. ValuEngine raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein raised shares of Under Armour from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 3rd. Finally, Raymond James raised shares of Under Armour to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, November 27th.
Shares of Under Armour stock traded down $0.18 during midday trading on Friday, hitting $17.51. The company had a trading volume of 1,729,200 shares, compared to its average volume of 2,284,480. Under Armour has a 12-month low of $15.05 and a 12-month high of $24.55. The company has a quick ratio of 1.29, a current ratio of 2.05 and a debt-to-equity ratio of 0.55. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 64.85 and a beta of 1.02. The company has a fifty day simple moving average of $17.08 and a 200 day simple moving average of $19.35.
Under Armour (NYSE:UA) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.05). Under Armour had a return on equity of 7.24% and a net margin of 2.14%. The business had revenue of $1.43 billion for the quarter. As a group, analysts expect that Under Armour will post 0.35 EPS for the current year.
In other Under Armour news, insider Kevin Eskridge sold 19,348 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $15.84, for a total transaction of $306,472.32. Following the completion of the transaction, the insider now directly owns 174,412 shares of the company’s stock, valued at approximately $2,762,686.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of UA. Ossiam acquired a new stake in shares of Under Armour during the 2nd quarter worth approximately $28,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Under Armour during the 3rd quarter worth approximately $28,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Under Armour during the 3rd quarter worth approximately $36,000. Valeo Financial Advisors LLC grew its stake in shares of Under Armour by 96.7% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,016 shares of the company’s stock worth $37,000 after purchasing an additional 991 shares during the period. Finally, Capital Bank & Trust Co acquired a new stake in shares of Under Armour during the 2nd quarter worth approximately $39,000. 34.75% of the stock is currently owned by institutional investors and hedge funds.
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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