Under Armour Inc (NYSE:UAA)‘s stock had its “underperform” rating reaffirmed by stock analysts at Robert W. Baird in a research note issued to investors on Friday, April 14th. They presently have a $14.00 target price on the stock. Robert W. Baird’s price objective points to a potential downside of 26.70% from the company’s current price.
A number of other equities analysts have also recently issued reports on UAA. B. Riley restated a “neutral” rating and issued a $22.00 price objective on shares of Under Armour in a research report on Monday, February 6th. Canaccord Genuity set a $44.00 price target on shares of Under Armour and gave the company a “buy” rating in a research report on Sunday, January 15th. Susquehanna Bancshares Inc cut shares of Under Armour in a research report on Monday, February 20th. Raymond James Financial, Inc. cut shares of Under Armour from a “mkt perform” rating to an “underperform” rating in a research report on Tuesday, January 31st. Finally, Evercore ISI lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Seven investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Under Armour presently has an average rating of “Hold” and an average price target of $26.71.
Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, April 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year.
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In other Under Armour news, insider Kerry D. Chandler sold 5,921 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $21.38, for a total value of $126,590.98. Following the transaction, the insider now owns 12,803 shares of the company’s stock, valued at $273,728.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William R. Mcdermott sold 4,799 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $21.40, for a total transaction of $102,698.60. Following the completion of the transaction, the director now directly owns 59,657 shares in the company, valued at approximately $1,276,659.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,519 shares of company stock worth $331,652.
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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