Under Armour, Inc. (NYSE:UAA) had its price target reduced by Telsey Advisory Group from $18.00 to $12.00 in a report issued on Wednesday. Telsey Advisory Group currently has a market perform rating on the stock.
Several other analysts also recently weighed in on UAA. FBR & Co reaffirmed an underperform rating and issued a $14.00 target price on shares of Under Armour in a report on Wednesday, August 2nd. Vetr downgraded shares of Under Armour from a strong-buy rating to a hold rating and set a $21.02 target price on the stock. in a report on Monday, July 17th. Canaccord Genuity lowered their target price on shares of Under Armour from $21.00 to $18.00 and set a hold rating on the stock in a report on Wednesday, August 2nd. Buckingham Research lowered their target price on shares of Under Armour from $15.00 to $14.00 and set an underperform rating on the stock in a report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Under Armour from a hold rating to a sell rating in a report on Friday, August 4th. Nineteen analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $17.18.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. Under Armour’s revenue was down 4.5% compared to the same quarter last year.
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Several large investors have recently modified their holdings of UAA. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Under Armour during the first quarter worth $405,000. Private Asset Management Inc. acquired a new stake in shares of Under Armour during the second quarter worth $923,000. DnB Asset Management AS acquired a new stake in shares of Under Armour during the second quarter worth $405,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Under Armour during the second quarter worth $474,000. Finally, Burns J W & Co. Inc. NY acquired a new stake in shares of Under Armour during the second quarter worth $480,000. 30.43% of the stock is currently owned by 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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