Under Armour Inc. (UA) Cut to Buy at Vetr Inc.
Under Armour Inc. (NYSE:UA) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday. They presently have a $41.41 price target on the apparel retailer’s stock. Vetr‘s target price indicates a potential upside of 8.63% from the stock’s current price.
UA has been the topic of several other research reports. Canaccord Genuity reiterated a “buy” rating and set a $65.00 target price on shares of Under Armour in a report on Sunday, September 11th. Zacks Investment Research raised Under Armour from a “sell” rating to a “hold” rating in a research report on Monday, June 27th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Under Armour in a research report on Wednesday, September 28th. William Blair reissued an “outperform” rating on shares of Under Armour in a research report on Thursday, August 18th. Finally, Susquehanna began coverage on Under Armour in a research report on Friday, August 12th. They set a “positive” rating and a $42.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have assigned a buy rating to the stock. Under Armour has an average rating of “Buy” and a consensus price target of $56.26.
Under Armour (NYSE:UA) traded down 0.42% during trading on Tuesday, hitting $38.12. The company had a trading volume of 3,523,510 shares. The stock has a 50-day moving average of $39.45 and a 200 day moving average of $40.13. The company has a market capitalization of $16.67 billion, a price-to-earnings ratio of 98.25 and a beta of 0.39. Under Armour has a one year low of $31.61 and a one year high of $50.80.
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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 (EPS) for the quarter, missing the 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 company had revenue of $1 million for the quarter, compared to the consensus estimate of $995.14 million. During the same quarter in the previous year, the company posted $0.07 EPS. The business’s revenue was up 27.7% on a year-over-year basis. Equities analysts forecast that Under Armour will post $0.58 EPS for the current fiscal year.
In related news, Director Byron K. Adams, Jr. sold 34,726 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $40.00, for a total value of $1,389,040.00. Following the transaction, the director now owns 46,293 shares of the company’s stock, valued at approximately $1,851,720. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Karl-Heinz Maurath sold 54,632 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive now directly owns 25,840 shares in the company, valued at approximately $1,119,905.60. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Ngam Advisors L.P. boosted its position in Under Armour by 16.3% in the first quarter. Ngam Advisors L.P. now owns 61,806 shares of the apparel retailer’s stock valued at $2,709,000 after buying an additional 8,653 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in Under Armour by 58.9% in the first quarter. TIAA CREF Investment Management LLC now owns 668,593 shares of the apparel retailer’s stock valued at $56,717,000 after buying an additional 247,929 shares in the last quarter. Teachers Advisors Inc. boosted its position in Under Armour by 2.1% in the first quarter. Teachers Advisors Inc. now owns 213,801 shares of the apparel retailer’s stock valued at $18,137,000 after buying an additional 4,492 shares in the last quarter. Prudential Financial Inc. boosted its position in Under Armour by 1.6% in the first quarter. Prudential Financial Inc. now owns 222,896 shares of the apparel retailer’s stock valued at $18,908,000 after buying an additional 3,590 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in Under Armour by 2.4% in the first quarter. BlackRock Group LTD now owns 1,335,006 shares of the apparel retailer’s stock valued at $113,249,000 after buying an additional 30,658 shares in the last quarter. 36.56% of the stock is currently owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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