Under Armour, Inc. (NYSE:UA) has been given a $11.00 price objective by equities researchers at Piper Jaffray Companies in a research report issued on Tuesday. The brokerage presently has a “hold” rating on the stock. Piper Jaffray Companies’ target price would suggest a potential downside of 4.60% from the company’s previous close.
UA has been the topic of a number of other reports. Buckingham Research set a $14.00 price target on shares of Under Armour and gave the company a “sell” rating in a research report on Thursday, August 3rd. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Under Armour in a research report on Friday, July 7th. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 price target on shares of Under Armour in a research report on Friday, October 13th. Forward View set a $17.00 price target on shares of Under Armour and gave the company a “hold” rating in a research report on Sunday, August 13th. Finally, FBR & Co reiterated an “underperform” rating and set a $14.00 price target on shares of Under Armour in a research report on Wednesday, August 2nd. Nine analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.69.
Under Armour (NYSE:UA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.04. Under Armour had a net margin of 2.94% and a return on equity of 9.38%. The business had revenue of $1.09 billion for the quarter.
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Several large investors have recently added to or reduced their stakes in UA. LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Under Armour during the third quarter valued at approximately $103,000. First Mercantile Trust Co. purchased a new stake in shares of Under Armour during the second quarter valued at approximately $141,000. Abbot Financial Management Inc. purchased a new stake in shares of Under Armour during the third quarter valued at approximately $153,000. Ahrens Investment Partners LLC purchased a new stake in shares of Under Armour during the third quarter valued at approximately $158,000. Finally, WMS Partners LLC purchased a new stake in shares of Under Armour during the third quarter valued at approximately $167,000. 30.27% of the stock is owned by hedge funds and other institutional investors.
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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