JPMorgan Chase & Co. reissued their neutral rating on shares of Under Armour (NYSE:UAA) in a research report sent to investors on Monday morning, Borsen Zeitung reports. The firm currently has a $12.00 target price on the stock.

Other analysts also recently issued reports about the company. Susquehanna Bancshares upgraded Under Armour from a negative rating to a neutral rating and raised their price target for the stock from $4.00 to $9.00 in a research report on Monday, August 3rd. BTIG Research raised their price target on Under Armour from $5.00 to $9.91 and gave the stock a sell rating in a research report on Tuesday, July 21st. Telsey Advisory Group raised their price target on Under Armour from $8.00 to $11.00 and gave the stock a market perform rating in a research report on Monday, August 3rd. Citigroup increased their target price on Under Armour from $10.00 to $13.00 and gave the stock a buy rating in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group set a $13.00 target price on Under Armour and gave the stock a buy rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $12.21.

Shares of UAA opened at $12.23 on Monday. The company has a market cap of $5.56 billion, a PE ratio of -8.15 and a beta of 1.17. The business has a fifty day moving average of $10.52 and a 200 day moving average of $10.05. Under Armour has a 52-week low of $7.15 and a 52-week high of $21.96. The company has a quick ratio of 1.17, a current ratio of 1.91 and a debt-to-equity ratio of 0.69.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Friday, July 31st. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.09. The company had revenue of $707.40 million during the quarter, compared to the consensus estimate of $538.23 million. Under Armour had a negative return on equity of 8.08% and a negative net margin of 15.21%. Under Armour’s revenue was down 40.6% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share. As a group, research analysts anticipate that Under Armour will post -0.74 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Two Sigma Advisers LP increased its stake in shares of Under Armour by 632.4% during the second quarter. Two Sigma Advisers LP now owns 2,921,400 shares of the company’s stock valued at $28,454,000 after buying an additional 2,522,500 shares during the period. Principal Financial Group Inc. boosted its position in Under Armour by 6.6% during the second quarter. Principal Financial Group Inc. now owns 286,189 shares of the company’s stock valued at $2,788,000 after purchasing an additional 17,780 shares in the last quarter. Quadrature Capital Ltd boosted its position in Under Armour by 323.3% during the second quarter. Quadrature Capital Ltd now owns 549,773 shares of the company’s stock valued at $5,355,000 after purchasing an additional 419,890 shares in the last quarter. Handelsbanken Fonder AB bought a new stake in Under Armour during the second quarter valued at about $535,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Under Armour by 2.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,309,802 shares of the company’s stock valued at $12,758,000 after purchasing an additional 29,553 shares in the last quarter. Hedge funds and other institutional investors own 32.23% of the company’s stock.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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