Buckingham Research Analysts Give Under Armour, Inc. (UA) a $14.00 Price Target
Several other equities research analysts have also issued reports on UA. FBR & Co reissued an underperform rating and set a $14.00 price target on shares of Under Armour in a research report on Wednesday. Wells Fargo & Company reissued a market perform rating and set a $17.00 price target on shares of Under Armour in a research report on Wednesday. KeyCorp reissued a hold rating on shares of Under Armour in a research report on Wednesday. Credit Suisse Group reissued an underperform rating and set a $17.00 price target on shares of Under Armour in a research report on Wednesday. Finally, Deutsche Bank AG lowered Under Armour from a hold rating to a sell rating in a research report on Tuesday, July 25th. Eight equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $19.02.
Shares of Under Armour (UA) traded up 1.65% during trading on Thursday, hitting $16.61. 4,049,092 shares of the stock were exchanged. Under Armour has a one year low of $16.15 and a one year high of $42.94. The stock has a market cap of $7.32 billion, a PE ratio of 33.62 and a beta of 0.78. The stock’s 50 day moving average price is $19.12 and its 200 day moving average price is $19.19.
Under Armour (NYSE:UA) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The business had revenue of $1.09 billion for the quarter. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. Equities research analysts predict that Under Armour will post $0.41 EPS for the current year.
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In other news, Director A B. Krongard sold 4,717 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $19.70, for a total value of $92,924.90. Following the completion of the transaction, the director now owns 73,939 shares of the company’s stock, valued at $1,456,598.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kerry D. Chandler sold 5,965 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $19.79, for a total value of $118,047.35. Following the completion of 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 three months, insiders sold 15,399 shares of company stock valued at $304,605. Company insiders own 16.50% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UA. WCM Investment Management CA boosted its position in Under Armour by 19.5% in the second quarter. WCM Investment Management CA now owns 1,368,431 shares of the company’s stock valued at $27,588,000 after buying an additional 223,415 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Under Armour by 127.3% in the second quarter. Great West Life Assurance Co. Can now owns 544,203 shares of the company’s stock valued at $10,953,000 after buying an additional 304,826 shares in the last quarter. Quantitative Investment Management LLC purchased a new position in shares of Under Armour during the first quarter valued at $8,594,000. Tobam purchased a new position in shares of Under Armour during the first quarter valued at $5,355,000. Finally, Monarch Partners Asset Management LLC purchased a new position in shares of Under Armour during the second quarter valued at $5,286,000. 56.54% of the stock is owned by institutional investors.
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.
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