Vetr cut shares of Under Armour, Inc. (NYSE:UAA) from a sell rating to a strong sell rating in a report published on Wednesday morning. The brokerage currently has $16.68 target price on the stock.
Other equities analysts also recently issued reports about the stock. Susquehanna Bancshares Inc lifted their price objective on shares of Under Armour from $14.00 to $17.00 in a report on Friday, July 7th. Jefferies Group LLC reaffirmed a buy rating and set a $28.00 price objective on shares of Under Armour in a report on Friday, May 19th. Zacks Investment Research raised shares of 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. Morgan Stanley cut their price objective on shares of Under Armour from $20.00 to $19.00 and set an equal weight rating on the stock in a report on Monday, August 7th. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $19.00 price objective on shares of Under Armour in a report on Sunday, April 23rd. Twelve analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $23.29.
Under Armour (UAA) traded down 0.86% during mid-day trading on Wednesday, reaching $18.55. 2,415,545 shares of the company’s stock traded hands. The stock has a market cap of $8.18 billion, a P/E ratio of 37.55 and a beta of -0.07. Under Armour has a 12 month low of $17.92 and a 12 month high of $43.85. The company has a 50 day moving average price of $20.15 and a 200-day moving average price of $20.60.
Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. Under Armour’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, analysts anticipate that Under Armour will post $0.38 EPS for the current year.
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A number of hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. purchased a new stake in shares of Under Armour during the second quarter valued at about $118,000. Cornerstone Advisors Inc. purchased a new stake in shares of Under Armour during the second quarter valued at about $124,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Under Armour during the second quarter valued at about $129,000. Global X Management Co. LLC purchased a new stake in shares of Under Armour during the second quarter valued at about $134,000. Finally, Armor Investment Advisors LLC purchased a new stake in shares of Under Armour during the second quarter valued at about $134,000. 29.27% of the stock is owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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