Under Armour Lowered to Neutral at Zacks (UA)
Under Armour (NYSE:UA) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday. They currently have a $73.60 price objective on the stock. Zacks‘s price target points to a potential upside of 6.82% from the stock’s previous close.
Shares of Under Armour (NYSE:UA) traded down 0.41% on Tuesday, hitting $68.62. The stock had a trading volume of 1,364,001 shares. Under Armour has a 52 week low of $34.43 and a 52 week high of $70.94. The stock’s 50-day moving average is $62.52 and its 200-day moving average is $55.73. The company has a market cap of $14.635 billion and a price-to-earnings ratio of 89.83.
Under Armour (NYSE:UA) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue 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 other recent research reports. Analysts at CRT Capital initiated coverage on shares of Under Armour in a research note on Tuesday, August 5th. 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. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Under Armour has an average rating of “Hold” and a consensus price target of $61.76.
In other Under Armour news, CFO Brad Dickerson sold 30,000 shares of Under Armour stock on the open market in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $68.41, for a total value of $2,052,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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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