Under Armour (UAA) Upgraded by Vetr to “Strong-Buy”

Under Armour (NYSE:UAA) was upgraded by research analysts at Vetr from a “strong sell” rating to a “strong-buy” rating in a report released on Monday. The brokerage presently has a $17.80 price target on the stock. Vetr‘s price target indicates a potential upside of 17.80% from the company’s current price.

UAA has been the topic of several other research reports. Zacks Investment Research lowered shares of Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Deutsche Bank lowered their price target on shares of Under Armour from $16.00 to $14.00 and set a “sell” rating on the stock in a report on Thursday, October 26th. Piper Jaffray Companies lowered their target price on shares of Under Armour to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, October 31st. Credit Suisse Group upped their target price on shares of Under Armour from $12.02 to $12.25 and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Finally, Canaccord Genuity lowered shares of Under Armour from a “hold” rating to a “sell” rating and lowered their target price for the stock from $15.00 to $8.00 in a report on Wednesday, November 1st. Seventeen equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.09.

Shares of Under Armour (UAA) remained flat at $$15.11 during trading on Monday. 1,370,000 shares of the company’s stock were exchanged, compared to its average volume of 5,650,000. The stock has a market cap of $6,440.00, a P/E ratio of 47.22, a price-to-earnings-growth ratio of 4.15 and a beta of 0.04. 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 fifty-two week low of $11.40 and a fifty-two week high of $31.06.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The firm had revenue of $1.41 billion for 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 for the quarter was down 4.5% compared to the same quarter last year. analysts expect that Under Armour will post 0.2 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. bought a new stake in Under Armour during the 2nd quarter worth about $393,172,000. BlackRock Inc. bought a new stake in Under Armour during the 2nd quarter worth about $238,861,000. Bamco Inc. NY grew its holdings in Under Armour by 10.8% during 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 during the last quarter. State Street Corp bought a new stake in Under Armour during the 2nd quarter worth about $157,325,000. Finally, Disciplined Growth Investors Inc. MN bought a new stake in Under Armour during the 3rd quarter worth about $39,964,000. 30.98% of the stock is currently owned by hedge funds and other institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

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