Under Armour’s (UAA) “Hold” Rating Reaffirmed at Stifel Nicolaus

Under Armour Inc (NYSE:UAA)‘s stock had its “hold” rating reissued by equities research analysts at Stifel Nicolaus in a report released on Sunday, April 23rd. They currently have a $19.00 price objective on the stock. Stifel Nicolaus’ target price would suggest a potential downside of 1.45% from the stock’s current price.

UAA has been the subject of a number of other research reports. Evercore ISI downgraded Under Armour from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. Jefferies Group LLC reissued a “buy” rating and set a $27.00 price target on shares of Under Armour in a research report on Thursday, April 6th. Canaccord Genuity downgraded Under Armour from a “buy” rating to a “hold” rating and lowered their price target for the company from $44.00 to $20.00 in a research report on Tuesday, January 31st. Bank of America Corp restated a “neutral” rating on shares of Under Armour in a research note on Tuesday, January 31st. Finally, FBR & Co reduced their price objective on Under Armour from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, April 17th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Under Armour presently has a consensus rating of “Hold” and an average price target of $26.71.

Analyst Recommendations for Under Armour (NYSE:UAA)

Shares of Under Armour (NYSE:UAA) traded up 0.94% during trading on Friday, hitting $19.28. The stock had a trading volume of 2,766,570 shares. The company has a market cap of $8.49 billion and a PE ratio of 48.69. The stock’s 50 day moving average is $19.97 and its 200-day moving average is $24.79. Under Armour has a 12-month low of $18.34 and a 12-month high of $44.68.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, April 27th. The company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. Analysts forecast that Under Armour will post $0.42 earnings per share for the current year.

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In related news, Director William R. Mcdermott sold 4,799 shares of the 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 completion of the transaction, the director now directly owns 59,657 shares of the company’s stock, valued at approximately $1,276,659.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kerry D. Chandler sold 5,921 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $21.38, for a total value of $126,590.98. Following the completion of the transaction, the insider now directly owns 12,803 shares of the company’s stock, valued at $273,728.14. The disclosure for this sale can be found here. Insiders sold a total of 15,519 shares of company stock valued at $331,652 over the last three months.

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.

12 Month Chart for NYSE:UAA

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