Under Armour (UAA) Rating Increased to Sell at Vetr

Under Armour (NYSE:UAA) was upgraded by equities research analysts at Vetr from a “strong sell” rating to a “sell” rating in a report released on Friday. The brokerage presently has a $13.23 price target on the stock. Vetr‘s price objective would suggest a potential downside of 4.27% from the company’s current price.

Several other brokerages also recently issued reports on UAA. Wedbush reissued a “neutral” rating and issued a $11.00 price target (down previously from $17.00) on shares of Under Armour in a report on Wednesday, November 1st. Sanford C. Bernstein initiated coverage on Under Armour in a report on Tuesday, September 12th. They issued an “underperform” rating and a $14.00 price target on the stock. Canaccord Genuity reissued a “hold” rating and issued a $15.00 price target (down previously from $18.00) on shares of Under Armour in a report on Thursday, October 12th. Wells Fargo & Company downgraded Under Armour from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $17.00 to $13.00 in a report on Tuesday, September 19th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $18.00 price target on shares of Under Armour in a report on Thursday, August 24th. Nineteen research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $16.95.

Under Armour (UAA) opened at $13.82 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Under Armour has a 1-year low of $11.40 and a 1-year high of $31.67. The company has a market capitalization of $6,002.66, a P/E ratio of 33.15, a price-to-earnings-growth ratio of 4.02 and a beta of -0.13.

Under Armour (NYSE:UAA) last released its earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. sell-side analysts expect that Under Armour will post 0.2 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. bought a new position in Under Armour during the second quarter valued at about $532,573,000. Vanguard Group Inc. bought a new stake in shares of Under Armour in the 2nd quarter valued at approximately $393,172,000. BlackRock Inc. bought a new stake in shares of Under Armour in the 2nd quarter valued at approximately $238,861,000. Bamco Inc. NY boosted its holdings in shares of Under Armour by 10.8% in the 3rd quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock worth $126,978,000 after acquiring an additional 750,325 shares in the last quarter. Finally, State Street Corp acquired a new position in shares of Under Armour in the 2nd quarter worth approximately $157,325,000. Hedge funds and other institutional investors own 31.22% of the company’s stock.

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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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