Equities research analysts at Needham & Company LLC assumed coverage on shares of Under Armour Inc (NYSE:UAA) in a research note issued on Tuesday, Marketbeat reports. The firm set a “hold” rating on the stock.
Other equities research analysts also recently issued research reports about the stock. Piper Jaffray Companies reissued a “neutral” rating and set a $17.00 price objective on shares of Under Armour in a research report on Tuesday, April 11th. B. Riley reissued a “neutral” rating and set a $18.00 price objective on shares of Under Armour in a research report on Tuesday, April 25th. UBS AG increased their price objective on shares of Under Armour from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, April 28th. Vetr downgraded shares of Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 price objective for the company. in a research report on Monday. Finally, OTR Global reissued a “negative” rating on shares of Under Armour in a research report on Tuesday. Nine equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $24.88.
Shares of Under Armour (NYSE:UAA) opened at 20.49 on Tuesday. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 51.74 and a beta of -0.05. The firm’s 50 day moving average is $20.98 and its 200-day moving average is $21.72. Under Armour has a 52 week low of $18.34 and a 52 week high of $44.68. Under Armour also saw unusually large options trading activity on Tuesday. Stock investors purchased 11,862 call options on the stock. This is an increase of approximately 133% compared to the average daily volume of 5,101 call options.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, April 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. Under Armour had a negative net margin of 0.20% and a negative return on equity of 0.45%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities research analysts predict that Under Armour will post $0.43 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This news story was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://stocknewstimes.com/2017/07/20/under-armour-inc-uaa-receives-new-coverage-from-analysts-at-needham-company-llc.html.
In related news, insider Kerry D. Chandler sold 5,921 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $21.38, for a total value of $126,590.98. Following the transaction, the insider now directly owns 12,803 shares of the company’s stock, valued at approximately $273,728.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William R. Mcdermott sold 4,799 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $21.40, for a total transaction of $102,698.60. Following the completion of the transaction, the director now directly owns 59,657 shares in the company, valued at $1,276,659.80. The disclosure for this sale can be found here. Insiders sold a total of 15,519 shares of company stock worth $331,652 over the last three months. 16.40% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of UAA. Nepsis Capital Management Inc. bought a new position in shares of Under Armour during the second quarter worth $3,079,000. Gateway Investment Advisers LLC bought a new position in shares of Under Armour during the second quarter worth $12,957,000. Fulton Bank N.A. bought a new position in shares of Under Armour during the second quarter worth $307,000. Covenant Asset Management LLC bought a new position in shares of Under Armour during the second quarter worth $809,000. Finally, City Holding Co. bought a new position in shares of Under Armour during the second quarter worth $532,000. 29.48% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Under Armour Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc and related companies with MarketBeat.com's FREE daily email newsletter.
