Under Armour’s (UA) Hold Rating Reiterated at Brean Capital
Under Armour Inc. (NYSE:UA)‘s stock had its “hold” rating reaffirmed by Brean Capital in a research note issued to investors on Thursday.
Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank AG cut shares of Under Armour to a “buy” rating in a research report on Wednesday, June 1st. Cowen and Company reaffirmed a “buy” rating on shares of Under Armour in a research report on Wednesday, June 1st. Sterne Agee CRT reaffirmed a “buy” rating and issued a $60.00 target price on shares of Under Armour in a research report on Wednesday, June 1st. Citigroup Inc. dropped their target price on shares of Under Armour from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, June 1st. Finally, B. Riley reaffirmed a “buy” rating and issued a $51.00 target price on shares of Under Armour in a research report on Wednesday, June 1st. One research 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 issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $59.89.
Shares of Under Armour (NYSE:UA) traded up 0.30% during midday trading on Thursday, reaching $39.73. 860,667 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $40.34 and a 200-day moving average of $40.38. Under Armour has a 12-month low of $31.61 and a 12-month high of $52.92. The stock has a market capitalization of $17.37 billion, a P/E ratio of 102.40 and a beta of 0.47.
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Under Armour (NYSE:UA) last announced its quarterly earnings results on Tuesday, July 26th. The apparel retailer reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The firm had revenue of $1 million for the quarter, compared to analysts’ expectations of $995.14 million. Under Armour had a net margin of 5.24% and a return on equity of 13.79%. The company’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. Analysts anticipate that Under Armour will post $0.58 EPS for the current fiscal year.
In other Under Armour news, CRO Karl-Heinz Maurath sold 54,632 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Byron K. Adams, Jr. sold 34,726 shares of the business’s stock in a transaction on 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 owns 46,293 shares in the company, valued at approximately $1,851,720. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of UA. Motley Fool Wealth Management LLC boosted its position in Under Armour by 2.6% in the first quarter. Motley Fool Wealth Management LLC now owns 162,815 shares of the apparel retailer’s stock worth $13,812,000 after buying an additional 4,127 shares during the period. Pacad Investment Ltd. purchased a new position in Under Armour during the first quarter worth $1,072,000. Lakeview Capital Partners LLC boosted its position in Under Armour by 825.3% in the first quarter. Lakeview Capital Partners LLC now owns 30,962 shares of the apparel retailer’s stock worth $1,357,000 after buying an additional 27,616 shares during the period. Hyman Charles D purchased a new position in Under Armour during the first quarter worth $619,000. Finally, Compton Capital Management Inc. RI purchased a new position in Under Armour during the first quarter worth $314,000. Institutional investors and hedge funds own 36.56% of the company’s stock.
Under Armour Company Profile
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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