Under Armour Inc (UAA) Receives $21.46 Average PT from Analysts

Under Armour Inc (NYSE:UAA) has earned an average rating of “Hold” from the twenty-five brokerages that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $21.49.

A number of research analysts recently commented on the company. ValuEngine raised Under Armour from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Pivotal Research increased their price target on Under Armour from $20.00 to $24.00 and gave the company a “hold” rating in a report on Wednesday, October 31st. Buckingham Research increased their price target on Under Armour from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. Piper Jaffray Companies raised Under Armour from a “neutral” rating to an “overweight” rating and increased their price target for the company from $20.00 to $32.00 in a report on Monday, November 5th. Finally, Canaccord Genuity increased their price target on Under Armour from $12.00 to $13.00 and gave the company a “sell” rating in a report on Wednesday, October 31st.

A number of large investors have recently added to or reduced their stakes in UAA. Vanguard Group Inc. lifted its holdings in Under Armour by 102.8% during the 3rd quarter. Vanguard Group Inc. now owns 38,049,952 shares of the company’s stock worth $773,692,000 after buying an additional 19,284,810 shares during the last quarter. Millennium Management LLC bought a new position in Under Armour during the 2nd quarter worth approximately $31,283,000. Artisan Partners Limited Partnership bought a new position in Under Armour during the 2nd quarter worth approximately $29,009,000. Teachers Advisors LLC lifted its holdings in Under Armour by 42.9% during the 3rd quarter. Teachers Advisors LLC now owns 2,527,113 shares of the company’s stock worth $53,625,000 after buying an additional 758,709 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Under Armour by 35.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,502,746 shares of the company’s stock worth $56,261,000 after buying an additional 658,769 shares during the last quarter. 41.83% of the stock is currently owned by institutional investors.

UAA stock opened at $23.99 on Friday. 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 has a 1 year low of $12.50 and a 1 year high of $24.96. The stock has a market capitalization of $10.71 billion, a PE ratio of 126.26, a P/E/G ratio of 5.34 and a beta of -0.43.

Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.13. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates 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 quarter last year, the firm earned $0.22 earnings per share. Equities analysts predict that Under Armour will post 0.22 earnings per share for the current year.

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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