Under Armour Inc (NYSE:UAA) has been assigned an average recommendation of “Hold” from the twenty-five brokerages that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $21.49.
UAA has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Under Armour from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Telsey Advisory Group reissued a “market perform” rating and issued a $22.00 target price on shares of Under Armour in a research report on Wednesday, October 24th. Buckingham Research boosted their target price on Under Armour from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 16th. ValuEngine raised Under Armour from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Finally, Credit Suisse Group upped their price target on shares of Under Armour from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, October 31st.
NYSE:UAA traded down $0.62 during mid-day trading on Friday, reaching $23.45. The company’s stock had a trading volume of 6,983,560 shares, compared to its average volume of 4,058,165. Under Armour has a 12-month low of $12.50 and a 12-month high of $24.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.09 and a current ratio of 1.99. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 123.42, a price-to-earnings-growth ratio of 5.38 and a beta of -0.43.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, October 30th. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.13. Under Armour had a positive return on equity of 3.96% and a negative net margin of 2.68%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm earned $0.22 EPS. Under Armour’s revenue was up 2.4% on a year-over-year basis. As a group, research analysts predict that Under Armour will post 0.22 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UAA. Nisa Investment Advisors LLC purchased a new stake in shares of Under Armour during the 2nd quarter valued at about $910,000. Cornerstone Wealth Management LLC purchased a new stake in Under Armour in the 2nd quarter worth approximately $370,000. Janney Montgomery Scott LLC increased its holdings in Under Armour by 5.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 85,733 shares of the company’s stock worth $1,927,000 after acquiring an additional 4,554 shares in the last quarter. BP PLC purchased a new stake in Under Armour in the 2nd quarter worth approximately $607,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Under Armour by 6.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 80,153 shares of the company’s stock worth $1,802,000 after acquiring an additional 5,005 shares in the last quarter. 41.83% of the stock is owned by hedge funds and other 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, cold, and in between the extremes.
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