Under Armour (UAA) Stock Rating Lowered by Wells Fargo & Co

Wells Fargo & Co cut shares of Under Armour (NYSE:UAA) from a market perform rating to an underperform rating in a report issued on Sunday morning. Wells Fargo & Co currently has $23.50 price objective on the stock.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Under Armour from a hold rating to a buy rating and set a $23.00 price objective on the stock in a research note on Thursday, October 4th. ValuEngine upgraded Under Armour from a hold rating to a buy rating in a research note on Wednesday, October 31st. Morgan Stanley increased their price objective on Under Armour from $20.00 to $21.00 and gave the company an equal weight rating in a research note on Wednesday, October 31st. Pivotal Research increased their price objective on Under Armour from $20.00 to $24.00 and gave the company a hold rating in a research note on Wednesday, October 31st. Finally, Telsey Advisory Group reiterated a market perform rating and issued a $25.00 price objective (up from $22.00) on shares of Under Armour in a research note on Wednesday, October 31st. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $21.36.

UAA opened at $23.88 on Friday. Under Armour has a 52 week low of $12.50 and a 52 week high of $24.69. The firm has a market cap of $10.71 billion, a PE ratio of 125.68, a PEG ratio of 5.34 and a beta of -0.45. The company has a quick ratio of 1.09, a current ratio of 1.99 and a debt-to-equity ratio of 0.35.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.13. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Under Armour had a positive return on equity of 3.96% and a negative net margin of 2.68%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.22 earnings per share. Equities research analysts predict that Under Armour will post 0.22 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Under Armour by 102.8% in the third quarter. Vanguard Group Inc. now owns 38,049,952 shares of the company’s stock valued at $773,692,000 after buying an additional 19,284,810 shares in the last quarter. Legal & General Group Plc raised its stake in Under Armour by 4.4% in the third quarter. Legal & General Group Plc now owns 853,511 shares of the company’s stock valued at $18,111,000 after buying an additional 35,831 shares in the last quarter. Standard Life Aberdeen plc grew its holdings in shares of Under Armour by 15.1% during the third quarter. Standard Life Aberdeen plc now owns 48,704 shares of the company’s stock worth $1,033,000 after purchasing an additional 6,407 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Under Armour by 42.9% during the third quarter. Teachers Advisors LLC now owns 2,527,113 shares of the company’s stock worth $53,625,000 after purchasing an additional 758,709 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its holdings in shares of Under Armour by 5.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,327,830 shares of the company’s stock worth $49,397,000 after purchasing an additional 110,050 shares during the last quarter. Institutional investors own 36.95% of the company’s stock.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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