BidaskClub lowered shares of Under Armour, Inc. (NYSE:UA) from a sell rating to a strong sell rating in a research note issued to investors on Monday morning.
A number of other research analysts have also weighed in on UA. Deutsche Bank AG lowered shares of Under Armour from a hold rating to a sell rating in a research report on Tuesday, July 25th. Wells Fargo & Company set a $19.00 price objective on shares of Under Armour and gave the company a hold rating in a research report on Thursday, June 8th. Buckingham Research set a $15.00 price objective on shares of Under Armour and gave the company a sell rating in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Under Armour in a research report on Monday, June 26th. Finally, Vetr lowered shares of Under Armour from a strong-buy rating to a buy rating and set a $20.36 price objective for the company. in a research report on Monday, April 3rd. Eight research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Under Armour has an average rating of Hold and a consensus target price of $19.21.
Shares of Under Armour (UA) traded down 0.67% during mid-day trading on Monday, hitting $16.36. The stock had a trading volume of 2,649,377 shares. Under Armour has a one year low of $16.15 and a one year high of $42.94. The company has a market cap of $7.20 billion, a PE ratio of 41.31 and a beta of 0.80. The firm’s 50 day moving average price is $19.12 and its 200-day moving average price is $19.19. Under Armour also was the recipient of unusually large options trading activity on Monday. Stock traders acquired 12,983 call options on the company. This is an increase of approximately 375% compared to the typical volume of 2,733 call options.
Under Armour (NYSE:UA) last released its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.04. The firm had revenue of $1.09 billion during the quarter. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. On average, equities research analysts anticipate that Under Armour will post $0.41 earnings per share for the current fiscal year.
In related news, insider Kerry D. Chandler sold 5,965 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $19.79, for a total value of $118,047.35. Following the completion of the transaction, the insider now owns 114,108 shares of the company’s stock, valued at $2,258,197.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A B. Krongard sold 4,717 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $19.70, for a total transaction of $92,924.90. Following the completion of the transaction, the director now directly owns 73,939 shares of the company’s stock, valued at approximately $1,456,598.30. The disclosure for this sale can be found here. Insiders sold 15,399 shares of company stock valued at $304,605 in the last three months. Company insiders own 16.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of UA. Pacer Advisors Inc. raised its position in Under Armour by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after buying an additional 220 shares during the period. First Mercantile Trust Co. acquired a new position in Under Armour during the second quarter valued at about $141,000. Private Capital Management Inc. acquired a new position in Under Armour during the first quarter valued at about $158,000. Compton Capital Management Inc. RI raised its position in Under Armour by 1.5% in the first quarter. Compton Capital Management Inc. RI now owns 10,156 shares of the company’s stock valued at $201,000 after buying an additional 150 shares during the period. Finally, First Financial Equity Corporation acquired a new position in Under Armour during the first quarter valued at about $225,000. 56.54% of the stock is owned by hedge funds and other 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.
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