Equities researchers at Needham & Company LLC initiated coverage on shares of Under Armour, Inc. (NYSE:UAA) in a note issued to investors on Tuesday, July 18th, Marketbeat.com reports. The brokerage set a “hold” rating on the stock.
A number of other analysts also recently issued reports on UAA. Jefferies Group LLC upgraded Under Armour from a “hold” rating to a “buy” rating and raised their price target for the stock from $19.00 to $27.00 in a research report on Friday, March 24th. Vetr lowered Under Armour from a “strong-buy” rating to a “buy” rating and set a $22.38 target price on the stock. in a research note on Wednesday, March 29th. FBR & Co lowered Under Armour from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $20.00 to $14.00 in a research note on Monday, April 3rd. Wedbush initiated coverage on Under Armour in a research note on Tuesday, April 11th. They issued a “neutral” rating and a $18.00 target price on the stock. Finally, Piper Jaffray Companies restated a “neutral” rating and set a $17.00 price target on shares of Under Armour in a research note on Tuesday, April 11th. Thirteen investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $23.32.
Under Armour (NYSE:UAA) opened at 18.39 on Tuesday. The stock has a market capitalization of $8.10 billion, a P/E ratio of 37.23 and a beta of -0.07. Under Armour has a 12 month low of $18.01 and a 12 month high of $43.85. The firm’s 50-day moving average is $20.76 and its 200-day moving average is $21.02.
Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. Under Armour’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities analysts expect that Under Armour will post $0.38 earnings per share for the current fiscal year.
In related news, insider Kerry D. Chandler sold 5,921 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $21.38, for a total transaction of $126,590.98. Following the completion of the sale, the insider now directly owns 12,803 shares in the company, valued at $273,728.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William R. Mcdermott sold 4,799 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $21.40, for a total value of $102,698.60. Following the sale, the director now owns 59,657 shares of the company’s stock, valued at $1,276,659.80. The disclosure for this sale can be found here. Insiders sold 15,519 shares of company stock valued at $331,652 over the last 90 days. Company insiders own 16.40% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Under Armour during the first quarter valued at approximately $405,000. Private Asset Management Inc. purchased a new stake in shares of Under Armour during the second quarter valued at approximately $923,000. DnB Asset Management AS purchased a new stake in shares of Under Armour during the second quarter valued at approximately $405,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Under Armour during the second quarter valued at approximately $474,000. Finally, Burns J W & Co. Inc. NY purchased a new stake in shares of Under Armour during the second quarter valued at approximately $480,000. Hedge funds and other 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.
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.
