Under Armour’s (UA) Hold Rating Reaffirmed at Brean Capital
Under Armour Inc. (NYSE:UA)‘s stock had its “hold” rating restated by investment analysts at Brean Capital in a research note issued on Thursday.
Other research analysts have also issued reports about the stock. Deutsche Bank AG lowered shares of Under Armour to a “buy” rating in a research note on Wednesday, June 1st. Cowen and Company reissued a “buy” rating on shares of Under Armour in a research note on Wednesday, June 1st. Sterne Agee CRT reaffirmed a “buy” rating and set a $60.00 price target on shares of Under Armour in a research report on Wednesday, June 1st. Citigroup Inc. reduced their price target on shares of Under Armour from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, June 1st. Finally, B. Riley reaffirmed a “buy” rating and set a $51.00 price target on shares of Under Armour in a research report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $59.89.
Shares of Under Armour (NYSE:UA) traded up 0.013% on Thursday, reaching $39.615. The company had a trading volume of 1,029,949 shares. The stock has a market capitalization of $17.32 billion, a P/E ratio of 102.101 and a beta of 0.47. Under Armour has a 1-year low of $31.62 and a 1-year high of $52.93. The company’s 50 day moving average price is $40.34 and its 200-day moving average price is $40.39.
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Under Armour (NYSE:UA) last released its earnings results on Tuesday, July 26th. The apparel retailer reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. Under Armour had a return on equity of 13.79% and a net margin of 5.24%. The business earned $1 million during the quarter, compared to analysts’ expectations of $995.14 million. During the same period last year, the business earned $0.07 earnings per share. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year. Equities analysts predict that Under Armour will post $0.58 EPS for the current year.
In other Under Armour news, Director Byron K. Adams, Jr. sold 34,726 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $40.00, for a total transaction of $1,389,040.00. Following the transaction, the director now directly owns 46,293 shares in the company, valued at $1,851,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Karl-Heinz Maurath sold 54,632 shares of the company’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $43.34, for a total transaction of $2,367,750.88. Following the transaction, the executive now owns 25,840 shares in the company, valued at $1,119,905.60. The disclosure for this sale can be found here. Company insiders own 16.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pioneer Investment Management Inc. acquired a new stake in Under Armour during the fourth quarter valued at approximately $6,577,000. Norges Bank acquired a new stake in Under Armour during the fourth quarter valued at approximately $105,733,000. DnB Asset Management AS acquired a new stake in Under Armour during the first quarter valued at approximately $1,232,000. Sii Investments Inc. WI raised its stake in Under Armour by 23.9% in the first quarter. Sii Investments Inc. WI now owns 19,208 shares of the apparel retailer’s stock valued at $1,627,000 after buying an additional 3,701 shares in the last quarter. Finally, Telemus Capital LLC acquired a new stake in Under Armour during the first quarter valued at approximately $848,000. Institutional investors own 36.56% 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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