Under Armour, Inc. (NYSE:UAA) was downgraded by analysts at Wedbush from a “hold” rating to a “sell” rating in a report issued on Thursday.
Other equities analysts have also issued reports about the company. Susquehanna Bancshares Inc increased their price objective on Under Armour from $14.00 to $17.00 in a report on Friday, July 7th. Piper Jaffray Companies dropped their price objective on Under Armour from $17.00 to $14.00 and set an “average” rating for the company in a report on Wednesday, October 11th. Vetr upgraded Under Armour from a “hold” rating to a “buy” rating and set a $22.36 price objective for the company in a report on Monday, July 10th. Jefferies Group LLC restated a “buy” rating and issued a $28.00 target price on shares of Under Armour in a research note on Friday, August 11th. Finally, Morgan Stanley lowered their target price on Under Armour from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, August 7th. Nineteen investment analysts have rated the stock with a sell rating, twenty have given a hold rating and four have assigned a buy rating to the company. Under Armour presently has an average rating of “Hold” and an average price target of $17.24.
Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. Under Armour’s revenue for the quarter was down 4.5% compared to the same quarter last year.
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Institutional investors and hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. purchased a new position in Under Armour in the 2nd quarter worth $118,000. Cornerstone Advisors Inc. purchased a new position in Under Armour in the 2nd quarter worth $124,000. Municipal Employees Retirement System of Michigan purchased a new position in Under Armour in the 2nd quarter worth $129,000. WFG Advisors LP purchased a new position in Under Armour in the 2nd quarter worth $132,000. Finally, Global X Management Co. LLC purchased a new position in Under Armour in the 2nd quarter worth $134,000. Hedge funds and other 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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