Under Armour Inc (UAA) Receives Average Recommendation of “Hold” from Analysts
Under Armour Inc (NYSE:UAA) has earned an average recommendation of “Hold” from the forty-two brokerages that are presently covering the stock, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $21.96.
A number of brokerages have recently weighed in on UAA. Susquehanna Bancshares Inc lifted their price target on Under Armour from $14.00 to $17.00 in a report on Friday, July 7th. Vetr downgraded Under Armour from a “strong-buy” rating to a “buy” rating and set a $22.03 price target on the stock. in a report on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 price target on shares of Under Armour in a report on Friday, May 19th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, July 4th. Finally, Morgan Stanley lowered their price target on Under Armour from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, August 7th.
Under Armour (UAA) opened at 18.55 on Friday. The company’s 50-day moving average price is $20.15 and its 200 day moving average price is $20.60. Under Armour has a 52-week low of $17.92 and a 52-week high of $43.85. The stock has a market capitalization of $8.18 billion, a P/E ratio of 37.55 and a beta of -0.07.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Under Armour had a negative return on equity of 2.44% and a negative net margin of 1.13%. Under Armour’s revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that Under Armour will post $0.38 earnings per share for the current year.
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Institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. purchased a new position in shares of Under Armour during the second quarter valued at about $118,000. Cornerstone Advisors Inc. bought a new stake in Under Armour during the second quarter valued at $124,000. Municipal Employees Retirement System of Michigan bought a new stake in Under Armour during the second quarter valued at $129,000. Global X Management Co. LLC bought a new stake in Under Armour during the second quarter valued at $134,000. Finally, Armor Investment Advisors LLC bought a new stake in Under Armour during the second quarter valued at $134,000. Hedge funds and other institutional investors own 29.27% of the company’s stock.
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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