Under Armour Inc. (UA) Upgraded to Strong-Buy by Vetr Inc.
Under Armour Inc. (NYSE:UA) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday. The firm currently has a $42.22 price objective on the apparel retailer’s stock. Vetr‘s target price indicates a potential upside of 12.20% from the company’s previous close.
Several other research firms have also issued reports on UA. Cowen and Company reissued an “outperform” rating and set a $46.00 price objective on shares of Under Armour in a research note on Monday, August 15th. Deutsche Bank AG reissued a “buy” rating on shares of Under Armour in a research note on Wednesday, August 10th. Argus lowered Under Armour from a “buy” rating to a “hold” rating and lifted their price objective for the company from $31.61 to $41.56 in a research note on Wednesday, August 31st. B. Riley reissued a “buy” rating and set a $51.00 price objective on shares of Under Armour in a research note on Saturday, July 30th. Finally, Brean Capital reissued a “hold” rating on shares of Under Armour in a research note on Thursday, September 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $54.64.
Under Armour (NYSE:UA) traded down 2.23% during midday trading on Monday, hitting $37.63. The company’s stock had a trading volume of 2,826,900 shares. Under Armour has a 52-week low of $31.61 and a 52-week high of $50.62. The stock has a 50 day moving average of $38.93 and a 200 day moving average of $40.01. The company has a market cap of $16.46 billion, a PE ratio of 96.98 and a beta of 0.39.
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Under Armour (NYSE:UA) last posted its quarterly earnings results on Tuesday, July 26th. The apparel retailer reported $0.01 EPS 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 company earned $1 million during the quarter, compared to the consensus estimate of $995.14 million. During the same period in the previous year, the business earned $0.07 earnings per share. Under Armour’s revenue was up 27.7% on a year-over-year basis. On average, equities analysts expect that Under Armour will post $0.58 EPS for the current year.
In other news, Director Byron K. Adams, Jr. sold 34,726 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $40.00, for a total value of $1,389,040.00. Following the completion of the sale, the director now directly owns 46,293 shares in the company, valued at approximately $1,851,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Karl-Heinz Maurath sold 54,632 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $43.34, for a total value of $2,367,750.88. Following the completion of the sale, the executive now owns 25,840 shares of the company’s stock, valued at $1,119,905.60. The disclosure for this sale can be found here. 16.50% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of UA. Carnick & Kubik LLC bought a new stake in Under Armour during the first quarter valued at approximately $140,000. Lowe FS raised its stake in Under Armour by 30.1% in the third quarter. Lowe FS now owns 2,394 shares of the apparel retailer’s stock valued at $232,000 after buying an additional 554 shares during the period. Boothbay Fund Management LLC bought a new stake in Under Armour during the first quarter valued at approximately $204,000. Adell Harriman & Carpenter Inc. bought a new stake in Under Armour during the first quarter valued at approximately $212,000. Finally, Canada Pension Plan Investment Board raised its stake in Under Armour by 92.3% in the first quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the apparel retailer’s stock valued at $212,000 after buying an additional 1,200 shares during the period. Hedge funds and other institutional investors own 36.57% 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.
To view Vetr’s full report, visit Vetr’s official website.
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