Pivotal Research reissued their hold rating on shares of Under Armour, Inc. (NYSE:UAA) in a research note published on Tuesday, Marketbeat Ratings reports. They currently have a $14.00 price objective on the stock, down from their previous price objective of $17.00.
Other research analysts also recently issued research reports about the stock. 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. Telsey Advisory Group dropped their target price on shares of Under Armour from $21.00 to $18.00 and set a market perform rating on the stock in a report on Wednesday, August 2nd. FBR & Co reiterated an underperform rating and issued a $14.00 target price on shares of Under Armour in a report on Wednesday, August 2nd. Canaccord Genuity dropped 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. Finally, Buckingham Research dropped 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. Nineteen research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have issued a buy rating to the company. Under Armour currently has a consensus rating of Hold and an average target price of $17.18.
Shares of Under Armour (UAA) opened at $11.61 on Tuesday. The company has a current ratio of 2.23, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market cap of $5,194.83, a PE ratio of 28.73, a price-to-earnings-growth ratio of 3.49 and a beta of -0.15.
Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the 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 net margin of 2.94% and a return on equity of 9.32%. The business’s revenue was down 4.5% on a year-over-year basis. equities research analysts predict that Under Armour will post 0.2 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Candriam Luxembourg S.C.A. lifted its holdings in Under Armour by 68.6% in the third quarter. Candriam Luxembourg S.C.A. now owns 24,393 shares of the company’s stock valued at $402,000 after buying an additional 9,925 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Under Armour by 13.3% in the third quarter. Daiwa Securities Group Inc. now owns 63,240 shares of the company’s stock valued at $1,041,000 after buying an additional 7,408 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in Under Armour in the third quarter valued at approximately $692,000. Andra AP fonden acquired a new position in Under Armour in the third quarter valued at approximately $532,000. Finally, IFP Advisors Inc lifted its holdings in Under Armour by 5.6% in the third quarter. IFP Advisors Inc now owns 97,318 shares of the company’s stock valued at $1,604,000 after buying an additional 5,148 shares during the period. Institutional investors and hedge funds 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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