Under Armour, Inc. (UA) Rating Reiterated by Oppenheimer Holdings, Inc.
Under Armour, Inc. (NYSE:UA)‘s stock had its “hold” rating reiterated by equities research analysts at Oppenheimer Holdings, Inc. in a research note issued to investors on Friday.
Other equities research analysts have also issued reports about the stock. Buckingham Research set a $14.00 target price on shares of Under Armour and gave the company a “sell” rating in a research note on Thursday, August 3rd. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Under Armour in a research note on Friday, July 7th. Vetr upgraded shares of Under Armour from a “sell” rating to a “hold” rating and set a $19.90 target price for the company in a research note on Thursday, June 15th. Forward View set a $17.00 target price on shares of Under Armour and gave the company a “hold” rating in a research note on Sunday, August 13th. Finally, FBR & Co reiterated an “underperform” rating and set a $14.00 target price on shares of Under Armour in a research note on Wednesday, August 2nd. Ten research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.38.
Under Armour (NYSE:UA) opened at 15.04 on Friday. Under Armour has a one year low of $14.98 and a one year high of $34.94. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 30.45 and a beta of 1.08. The firm’s 50-day moving average price is $16.14 and its 200 day moving average price is $18.02.
Under Armour (NYSE:UA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. The company had revenue of $1.09 billion during the quarter. On average, equities research analysts expect that Under Armour will post $0.38 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the company. American Century Companies Inc. bought a new stake in shares of Under Armour during the 2nd quarter valued at $19,429,000. Contrarius Investment Management Ltd bought a new stake in shares of Under Armour during the 2nd quarter valued at $17,656,000. Kessler Investment Group LLC bought a new stake in shares of Under Armour during the 2nd quarter valued at $252,000. Grandeur Peak Global Advisors LLC grew its position in shares of Under Armour by 2.8% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 47,250 shares of the company’s stock valued at $935,000 after acquiring an additional 1,300 shares during the period. Finally, Vivaldi Asset Management LLC bought a new stake in shares of Under Armour during the 2nd quarter valued at $6,758,000. 30.99% of the stock is owned by hedge funds and other 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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