Under Armour Inc (NYSE:UAA) had its price target reduced by stock analysts at Wells Fargo & Company to $11.00 in a report released on Tuesday. The firm presently has an “underperform” rating on the stock. Wells Fargo & Company’s target price would suggest a potential downside of 32.97% from the stock’s previous close.
Several other analysts have also commented on UAA. Vetr raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $22.36 price target for the company in a research report on Monday, July 3rd. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Tuesday, July 4th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Under Armour in a research report on Friday, July 7th. Susquehanna Bancshares Inc increased their price objective on shares of Under Armour from $14.00 to $17.00 in a research report on Friday, July 7th. Finally, OTR Global reaffirmed a “negative” rating on shares of Under Armour in a research report on Tuesday, July 18th. Sixteen investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and four have issued a buy rating to the company. Under Armour currently has an average rating of “Hold” and a consensus price target of $19.00.
Under Armour (UAA) traded down 23.71% during mid-day trading on Tuesday, reaching $12.52. 45,401,896 shares of the company’s stock were exchanged. The company’s 50-day moving average is $16.72 and its 200 day moving average is $18.91. Under Armour has a one year low of $12.48 and a one year high of $33.45. The firm has a market capitalization of $5.52 billion, a P/E ratio of 25.34 and a beta of -0.02.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. Under Armour had a negative net margin of 1.13% and a negative return on equity of 2.44%. The firm’s revenue was down 4.5% on a year-over-year basis. Equities analysts predict that Under Armour will post $0.37 earnings per share for the current fiscal year.
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Hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. purchased a new position in shares of Under Armour during the 2nd quarter worth $118,000. Cornerstone Advisors Inc. purchased a new position in shares of Under Armour during the 2nd quarter worth $124,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Under Armour during the 2nd quarter worth $129,000. WFG Advisors LP purchased a new position in shares of Under Armour during the 2nd quarter worth $132,000. Finally, Global X Management Co. LLC purchased a new position in shares of Under Armour during the 2nd quarter worth $134,000. Institutional investors own 30.43% 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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