Under Armour, Inc. (NYSE:UAA) – Research analysts at Jefferies Group lifted their Q2 2018 earnings per share (EPS) estimates for Under Armour in a report issued on Tuesday. Jefferies Group analyst R. Konik now anticipates that the company will post earnings per share of $0.03 for the quarter, up from their previous forecast of $0.02. Jefferies Group currently has a “Buy” rating and a $28.00 target price on the stock. Jefferies Group also issued estimates for Under Armour’s FY2018 earnings at $0.43 EPS.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. The firm’s quarterly revenue was down 4.5% on a year-over-year basis.
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A number of other research firms also recently commented on UAA. Susquehanna Bancshares Inc upped their price objective on Under Armour from $14.00 to $17.00 in a report on Friday, July 7th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Under Armour in a report on Friday, July 7th. 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. OTR Global restated a “negative” rating on shares of Under Armour in a report on Tuesday, July 18th. Finally, Deutsche Bank AG cut shares of Under Armour from a “hold” rating to a “sell” rating and decreased their price target for the stock from $20.27 to $17.00 in a research report on Tuesday, July 25th. Nineteen research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the company’s stock. Under Armour presently has an average rating of “Hold” and an average target price of $17.18.
Several large investors have recently made changes to their positions in UAA. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Under Armour in the first quarter valued at approximately $405,000. Private Asset Management Inc. acquired a new position in shares of Under Armour during the second quarter valued at approximately $923,000. DnB Asset Management AS acquired a new position in shares of Under Armour during the second quarter valued at approximately $405,000. Xact Kapitalforvaltning AB acquired a new position in shares of Under Armour during the second quarter valued at approximately $474,000. Finally, Burns J W & Co. Inc. NY acquired a new position in shares of Under Armour during the second quarter valued at approximately $480,000. Institutional investors own 30.43% of the company’s stock.
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.
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