Under Armour, Inc. (NYSE:UAA) posted its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03, Morningstar.com reports. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. The business’s revenue was up 8.7% on a year-over-year basis. Under Armour updated its FY17 guidance to $0.37-0.40 EPS.
Under Armour (NYSE UAA) traded up 0.32% during midday trading on Friday, reaching $18.77. The company’s stock had a trading volume of 547,950 shares. The firm has a 50-day moving average price of $20.21 and a 200 day moving average price of $20.67. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 38.00 and a beta of -0.07. Under Armour has a 52-week low of $17.92 and a 52-week high of $43.85.
Several hedge funds have recently modified their holdings of the stock. Sandy Spring Bank acquired a new position in shares of Under Armour during the second quarter worth about $238,000. PNC Financial Services Group Inc. acquired a new position in shares of Under Armour during the second quarter worth about $2,733,000. ProShare Advisors LLC acquired a new position in shares of Under Armour during the second quarter worth about $2,302,000. Investment Centers of America Inc. acquired a new position in shares of Under Armour during the second quarter worth about $309,000. Finally, Amalgamated Bank purchased a new position in shares of Under Armour during the second quarter worth $466,000. 29.27% of the stock is owned by institutional investors and hedge funds.
UAA has been the topic of several recent research reports. Vetr upgraded Under Armour from a “hold” rating to a “buy” rating and set a $22.36 price target on the stock in a report on Monday, July 10th. Credit Suisse Group reiterated an “underperform” rating and issued a $17.00 price objective on shares of Under Armour in a report on Monday, April 24th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, July 4th. FBR & Co dropped their price objective on Under Armour from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, April 17th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $28.00 target price on shares of Under Armour in a research report on Friday, May 19th. Thirteen research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $23.29.
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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