Under Armour, Inc. (UAA) Price Target Cut to $19.00 by Analysts at Morgan Stanley
Under Armour, Inc. (NYSE:UAA) had its price target reduced by Morgan Stanley from $20.00 to $19.00 in a report issued on Monday morning. Morgan Stanley currently has an equal weight rating on the stock.
Several other analysts have also commented on UAA. B. Riley reissued a neutral rating and set a $18.00 target price on shares of Under Armour in a research note on Tuesday, April 25th. Piper Jaffray Companies reissued a neutral rating and set a $17.00 target price on shares of Under Armour in a research note on Tuesday, April 11th. UBS AG increased their target price on shares of Under Armour from $22.00 to $23.00 and gave the company a neutral rating in a research note on Friday, April 28th. Vetr lowered shares of Under Armour from a strong-buy rating to a hold rating and set a $21.02 target price for the company. in a research note on Monday, July 17th. Finally, Telsey Advisory Group cut their target price on shares of Under Armour from $21.00 to $18.00 and set a market perform rating for the company in a research note on Wednesday, August 2nd. Thirteen research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $23.29.
Shares of Under Armour (UAA) opened at 18.78 on Monday. The firm has a market capitalization of $8.27 billion, a P/E ratio of 38.02 and a beta of -0.07. The stock’s 50 day moving average is $20.76 and its 200-day moving average is $21.02. Under Armour has a 52-week low of $18.01 and a 52-week high of $43.85.
Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. Under Armour’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities analysts forecast that Under Armour will post $0.37 earnings per share for the current fiscal year.
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In other news, Director A B. Krongard sold 4,799 shares of Under Armour stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $21.33, for a total transaction of $102,362.67. Following the completion of the sale, the director now owns 116,297 shares in the company, valued at approximately $2,480,615.01. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 16.40% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Under Armour during the second quarter valued at approximately $27,018,000. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in Under Armour during the second quarter valued at $972,000. Airain ltd purchased a new position in Under Armour during the second quarter valued at $1,474,000. Prudential Financial Inc. purchased a new position in Under Armour during the second quarter valued at $5,678,000. Finally, Great Lakes Advisors LLC purchased a new position in Under Armour during the second quarter valued at $1,472,000. Institutional investors own 29.27% 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.
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