Under Armour, Inc. (UA) Earns “Hold” Rating from Oppenheimer Holdings, Inc.
UA has been the subject of several other research reports. Vetr raised shares of Under Armour from a buy rating to a strong-buy rating and set a $20.49 target price for the company in a research note on Monday, April 10th. Jefferies Group LLC set a $28.00 target price on shares of Under Armour and gave the company a buy rating in a research note on Monday. Robert W. Baird reissued an outperform rating and issued a $25.00 target price on shares of Under Armour in a research note on Friday, April 14th. BidaskClub raised shares of Under Armour from a sell rating to a hold rating in a research note on Friday, June 9th. Finally, Piper Jaffray Companies set a $17.00 target price on shares of Under Armour and gave the company a hold rating in a research note on Monday, April 10th. Eight analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $19.02.
Shares of Under Armour (NYSE UA) traded up 1.744% during midday trading on Tuesday, hitting $16.625. 3,224,503 shares of the stock were exchanged. The firm has a 50-day moving average price of $19.12 and a 200 day moving average price of $19.19. Under Armour has a 12-month low of $16.15 and a 12-month high of $42.94. The firm has a market cap of $7.32 billion, a PE ratio of 33.654 and a beta of 0.78.
Under Armour (NYSE:UA) last announced its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.04. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. The firm had revenue of $1.09 billion during the quarter. Analysts predict that Under Armour will post $0.41 earnings per share for the current fiscal year.
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In other news, Director William R. Mcdermott sold 4,717 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $19.85, for a total transaction of $93,632.45. Following the completion of the transaction, the director now owns 66,270 shares of the company’s stock, valued at approximately $1,315,459.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kerry D. Chandler sold 5,965 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $19.79, for a total transaction of $118,047.35. Following the transaction, the insider now directly owns 114,108 shares of the company’s stock, valued at approximately $2,258,197.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,399 shares of company stock valued at $304,605. Corporate insiders own 16.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of UA. Pacer Advisors Inc. increased its position in Under Armour by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock worth $137,000 after buying an additional 220 shares in the last quarter. First Mercantile Trust Co. bought a new position in Under Armour during the second quarter worth approximately $141,000. Private Capital Management Inc. bought a new position in Under Armour during the first quarter worth approximately $158,000. Compton Capital Management Inc. RI increased its position in Under Armour by 1.5% in the first quarter. Compton Capital Management Inc. RI now owns 10,156 shares of the company’s stock worth $201,000 after buying an additional 150 shares in the last quarter. Finally, First Financial Equity Corporation bought a new position in Under Armour during the first quarter worth approximately $225,000. 56.54% of the stock is owned by institutional investors.
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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