Under Armour, Inc. (UA) Coverage Initiated at Sanford C. Bernstein
Investment analysts at Sanford C. Bernstein initiated coverage on shares of Under Armour, Inc. (NYSE:UA) in a note issued to investors on Tuesday. The brokerage set an “underperform” rating on the stock.
Several other research analysts have also recently issued reports on UA. Canaccord Genuity reaffirmed a “hold” rating and issued a $18.00 price target (down previously from $21.00) on shares of Under Armour in a report on Thursday, August 3rd. Forward View set a $17.00 price target on Under Armour and gave the company a “hold” rating in a report on Sunday, August 13th. Wells Fargo & Company reissued a “market perform” rating and set a $17.00 target price on shares of Under Armour in a research note on Wednesday, August 2nd. Credit Suisse Group reissued an “underperform” rating and set a $17.00 target price on shares of Under Armour in a research note on Wednesday, August 2nd. Finally, Vetr downgraded shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.82 target price on the stock. in a research note on Thursday, August 10th. Nine research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.87.
Shares of Under Armour (UA) opened at 16.87 on Tuesday. The firm has a market cap of $7.44 billion, a PE ratio of 34.15 and a beta of 1.08. The stock’s 50 day moving average price is $16.34 and its 200 day moving average price is $18.11. Under Armour has a 12-month low of $14.98 and a 12-month high of $34.94.
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 company 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%. On average, equities research analysts predict that Under Armour will post $0.38 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings 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 purchasing an additional 220 shares in the last quarter. First Mercantile Trust Co. bought a new stake in Under Armour in the second quarter worth $141,000. Great Lakes Advisors LLC bought a new stake in Under Armour in the second quarter worth $202,000. Cetera Investment Advisers bought a new stake in Under Armour in the second quarter worth $215,000. Finally, Delta Lloyd Asset Management N.V. bought a new stake in Under Armour in the second quarter worth $218,000. Hedge funds and other institutional investors own 31.01% 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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