FBR & Co restated their underperform rating on shares of Under Armour, Inc. (NYSE:UAA) in a report published on Wednesday, August 2nd. FBR & Co currently has a $14.00 target price on the stock.
Other equities research analysts also recently issued reports about the company. UBS AG increased their price target on Under Armour from $22.00 to $23.00 and gave the stock a neutral rating in a report on Friday, April 28th. B. Riley reiterated a neutral rating and set a $18.00 price objective on shares of Under Armour in a report on Tuesday, April 25th. Piper Jaffray Companies reiterated a neutral rating and set a $17.00 price objective on shares of Under Armour in a report on Tuesday, April 11th. Vetr downgraded Under Armour from a strong-buy rating to a hold rating and set a $21.02 price objective for the company. in a report on Monday, July 17th. Finally, Telsey Advisory Group decreased their price objective on Under Armour from $21.00 to $18.00 and set a market perform rating for the company in a report on Wednesday, August 2nd. Twelve analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $23.29.
Shares of Under Armour (UAA) traded up 1.51% during trading on Wednesday, reaching $18.83. The company had a trading volume of 2,210,924 shares. The firm has a market capitalization of $8.30 billion, a P/E ratio of 38.12 and a beta of -0.07. The company has a 50 day moving average of $20.08 and a 200-day moving average of $20.40. Under Armour has a 52-week low of $17.92 and a 52-week high of $43.85.
Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts expect that Under Armour will post $0.38 earnings per share for the current year.
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Several institutional investors have recently modified their holdings of the stock. Nepsis Capital Management Inc. acquired a new position in shares of Under Armour during the second quarter valued at about $3,079,000. Gateway Investment Advisers LLC acquired a new position in shares of Under Armour during the second quarter valued at about $12,957,000. Fulton Bank N.A. acquired a new position in shares of Under Armour during the second quarter valued at about $307,000. Covenant Asset Management LLC acquired a new position in shares of Under Armour during the second quarter valued at about $809,000. Finally, City Holding Co. acquired a new position in shares of Under Armour during the second quarter valued at about $532,000. Institutional investors own 29.59% of the company’s stock.
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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