Under Armour Receives Average Recommendation of “Hold” from Analysts (NYSE:UA)
Under Armour (NYSE:UA) has received an average rating of “Hold” from the twenty-two brokerages that are presently covering the stock, AnalystRatings.Net reports. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $59.95.
Shares of Under Armour (NYSE:UA) opened at 67.60 on Friday. Under Armour has a one year low of $34.43 and a one year high of $70.94. The stock’s 50-day moving average is $61.96 and its 200-day moving average is $55.25. The company has a market cap of $14.418 billion and a price-to-earnings ratio of 88.32.
Under Armour (NYSE:UA) last released its earnings data on Thursday, July 24th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $610.00 million for the quarter, compared to the consensus estimate of $572.47 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 34.1% on a year-over-year basis. On average, analysts predict that Under Armour will post $0.94 earnings per share for the current fiscal year.
UA has been the subject of a number of recent research reports. Analysts at CRT Capital initiated coverage on shares of Under Armour in a research note on Tuesday. They set a “fair value” rating and a $70.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Under Armour in a research note on Friday, July 25th. They now have a $60.00 price target on the stock, up previously from $50.00. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Under Armour in a research note on Friday, July 25th. They now have a $69.00 price target on the stock, up previously from $54.00.
In other Under Armour news, CFO Brad Dickerson unloaded 30,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $68.41, for a total transaction of $2,052,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Under Armour, Inc (NYSE:UA) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth.
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