Under Armour, Inc. (NYSE:UAA) - Oppenheimer Holdings cut their Q3 2017 earnings per share (EPS) estimates for shares of Under Armour in a research note issued to investors on Tuesday. Oppenheimer Holdings analyst A. Andreeva now forecasts that the company will post earnings per share of $0.17 for the quarter, down from their previous estimate of $0.26. Oppenheimer Holdings currently has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Under Armour’s Q4 2017 earnings at $0.22 EPS and FY2017 earnings at $0.36 EPS.
A number of other brokerages also recently weighed in on UAA. FBR & Co reissued an “underperform” rating and issued a $14.00 price objective on shares of Under Armour in a research note on Friday, April 14th. Vetr raised Under Armour from a “buy” rating to a “strong-buy” rating and set a $22.90 price objective on the stock in a research note on Monday, May 15th. Deutsche Bank AG downgraded Under Armour from a “hold” rating to a “sell” rating and cut their price objective for the company from $20.27 to $17.00 in a research note on Tuesday, July 25th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, July 4th. Finally, Credit Suisse Group reissued an “underperform” rating and issued a $17.00 price objective on shares of Under Armour in a research note on Monday, April 24th. Thirteen research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $23.32.
Under Armour (NYSE UAA) opened at 18.39 on Thursday. Under Armour has a 12-month low of $18.29 and a 12-month high of $43.85. The firm has a 50-day moving average price of $20.90 and a 200-day moving average price of $21.11. The stock has a market cap of $8.10 billion, a PE ratio of 37.23 and a beta of -0.07.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business’s quarterly revenue was up 8.7% on a year-over-year basis.
In other news, Director William R. Mcdermott sold 4,799 shares of the business’s stock in a transaction on 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 sale, the director now owns 59,657 shares in the company, valued at $1,276,659.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kerry D. Chandler sold 5,921 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $21.38, for a total value of $126,590.98. Following the sale, the insider now owns 12,803 shares of the company’s stock, valued at approximately $273,728.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,519 shares of company stock valued at $331,652. Corporate insiders own 16.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Webster Bank N. A. purchased a new stake in Under Armour during the second quarter worth $282,000. Nepsis Capital Management Inc. purchased a new stake in Under Armour during the second quarter worth $3,079,000. NEXT Financial Group Inc purchased a new stake in Under Armour during the second quarter worth $204,000. Bank of The West purchased a new stake in Under Armour during the second quarter worth $309,000. Finally, Norway Savings Bank purchased a new stake in Under Armour during the second quarter worth $211,000. Institutional investors own 29.43% of the company’s stock.
About Under Armour
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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