Under Armour, Inc. (NYSE:UAA) – Equities research analysts at William Blair cut their Q3 2017 earnings per share (EPS) estimates for shares of Under Armour in a report released on Tuesday. William Blair analyst S. Zackfia now expects that the company will post earnings of $0.18 per share for the quarter, down from their previous forecast of $0.24.

Other analysts have also recently issued research reports about the company. Susquehanna Bancshares Inc lifted their target price on Under Armour from $14.00 to $17.00 in a research report on Friday, July 7th. Vetr cut Under Armour from a “strong-buy” rating to a “buy” rating and set a $22.03 target price on the stock. in a research report on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 target price on shares of Under Armour in a research report on Friday, May 19th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, July 4th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $19.00 target price on shares of Under Armour in a research report on Sunday, April 23rd. Thirteen research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have assigned a buy rating to the company. Under Armour has a consensus rating of “Hold” and an average target price of $23.32.

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Shares of Under Armour (NYSE:UAA) opened at 18.39 on Friday. The stock has a market cap of $8.10 billion, a P/E ratio of 37.23 and a beta of -0.07. Under Armour has a 1-year low of $18.01 and a 1-year high of $43.85. The firm’s 50-day moving average price is $20.76 and its 200 day moving average price is $21.02.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business’s revenue was up 8.7% on a year-over-year basis.

In other Under Armour news, insider Kerry D. Chandler sold 5,921 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $21.38, for a total value of $126,590.98. Following the completion of the transaction, the insider now directly owns 12,803 shares in the company, valued at approximately $273,728.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William R. Mcdermott sold 4,799 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $21.40, for a total value of $102,698.60. Following the completion of the transaction, the director now owns 59,657 shares of the company’s stock, valued at $1,276,659.80. The disclosure for this sale can be found here. Insiders sold a total of 15,519 shares of company stock valued at $331,652 over the last quarter. 16.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Advisors Inc. acquired a new position in shares of Under Armour during the second quarter valued at $124,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of Under Armour during the second quarter valued at $129,000. Global X Management Co. LLC acquired a new position in shares of Under Armour during the second quarter valued at $134,000. Private Capital Management Inc. acquired a new position in shares of Under Armour during the second quarter valued at $141,000. Finally, Horan Capital Management acquired a new position in shares of Under Armour during the second quarter valued at $150,000. Institutional investors own 29.43% of the company’s stock.

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.

Earnings History and Estimates for Under Armour (NYSE:UAA)

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