Under Armour, Inc. (NYSE:UAA) had its target price cut by Buckingham Research from $14.00 to $10.00 in a research note issued to investors on Wednesday morning. They currently have an underperform rating on the stock.
A number of other brokerages have also recently weighed in on UAA. Zacks Investment Research raised shares of Under Armour from a hold rating to a buy rating and set a $24.00 price target for the company in a research report on Tuesday, July 4th. Susquehanna Bancshares Inc boosted their price target on shares of Under Armour from $14.00 to $17.00 in a research report on Friday, July 7th. Raymond James Financial, Inc. reissued an underperform rating on shares of Under Armour in a research report on Friday, July 7th. Vetr raised shares of Under Armour from a hold rating to a buy rating and set a $22.36 price target for the company in a research report on Monday, July 10th. Finally, OTR Global reissued a negative rating on shares of Under Armour in a research report on Tuesday, July 18th. Nineteen equities 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 stock. Under Armour has a consensus rating of Hold and an average price target of $17.18.
Shares of Under Armour (NYSE UAA) traded down $0.17 on Wednesday, reaching $11.61. 10,353,795 shares of the company were exchanged, compared to its average volume of 9,276,444. Under Armour has a 52-week low of $11.45 and a 52-week high of $33.45. The stock has a market capitalization of $5,119.86, a PE ratio of 28.32, a PEG ratio of 3.44 and a beta of -0.15. The company has a current ratio of 2.23, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37.
Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. analysts anticipate that Under Armour will post 0.2 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. purchased a new position in shares of Under Armour during the second quarter valued at approximately $118,000. Cornerstone Advisors Inc. purchased a new position in Under Armour during the second quarter worth approximately $124,000. Municipal Employees Retirement System of Michigan purchased a new position in Under Armour during the second quarter worth approximately $129,000. WFG Advisors LP purchased a new position in Under Armour during the second quarter worth approximately $132,000. Finally, Global X Management Co. LLC purchased a new position in Under Armour during the second quarter worth approximately $134,000. 30.43% of the stock is currently owned by institutional investors and hedge funds.
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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