Under Armour Inc. (UA) Stock Rating Reaffirmed by Morgan Stanley
Under Armour Inc. (NYSE:UA)‘s stock had its “underweight” rating reissued by investment analysts at Morgan Stanley in a report issued on Tuesday. They presently have a $31.00 target price on the apparel retailer’s stock. Morgan Stanley’s target price would indicate a potential downside of 17.62% from the company’s current price.
Several other equities analysts have also issued reports on UA. DA Davidson reaffirmed a “buy” rating and issued a $48.00 price target on shares of Under Armour in a report on Monday, July 18th. Vetr lowered shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $44.22 price target on the stock. in a report on Monday, August 8th. Piper Jaffray Cos. raised shares of Under Armour from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $44.00 in a report on Thursday, October 13th. Wells Fargo & Co. raised shares of Under Armour from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $40.00 to $45.00 in a report on Wednesday, October 12th. Finally, Canaccord Genuity set a $65.00 price target on shares of Under Armour and gave the stock a “buy” rating in a report on Thursday, July 21st. One analyst has rated the stock with a sell rating, twelve have given 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 presently has a consensus rating of “Buy” and a consensus target price of $54.60.
Shares of Under Armour (NYSE:UA) traded up 1.714% during trading on Tuesday, reaching $38.275. The company had a trading volume of 1,894,534 shares. The stock has a market capitalization of $16.74 billion, a price-to-earnings ratio of 98.647 and a beta of 0.39. Under Armour has a 1-year low of $31.62 and a 1-year high of $50.62. The company’s 50 day moving average is $38.93 and its 200-day moving average is $40.01.
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Under Armour (NYSE:UA) last issued its quarterly earnings data on Tuesday, July 26th. The apparel retailer reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The business earned $1 million during the quarter, compared to the consensus estimate of $995.14 million. Under Armour had a return on equity of 13.79% and a net margin of 5.24%. The business’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period last year, the firm earned $0.07 EPS. On average, equities research analysts anticipate that Under Armour will post $0.58 earnings per share for the current year.
In other news, CRO Karl-Heinz Maurath sold 54,632 shares of the firm’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $43.34, for a total value of $2,367,750.88. Following the sale, the executive now directly owns 25,840 shares in the company, valued at approximately $1,119,905.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas E. Coltharp sold 6,648 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $41.78, for a total transaction of $277,753.44. Following the completion of the sale, the director now owns 61,720 shares in the company, valued at $2,578,661.60. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in UA. Prospera Financial Services Inc raised its stake in shares of Under Armour by 38.7% in the third quarter. Prospera Financial Services Inc now owns 7,101 shares of the apparel retailer’s stock worth $275,000 after buying an additional 1,980 shares during the last quarter. City Holding Co. raised its stake in shares of Under Armour by 24.5% in the third quarter. City Holding Co. now owns 13,600 shares of the apparel retailer’s stock worth $526,000 after buying an additional 2,680 shares during the last quarter. Burns J W & Co. Inc. NY raised its stake in shares of Under Armour by 70.9% in the third quarter. Burns J W & Co. Inc. NY now owns 28,532 shares of the apparel retailer’s stock worth $1,104,000 after buying an additional 11,835 shares during the last quarter. Calvert Investment Management Inc. raised its stake in shares of Under Armour by 103.1% in the second quarter. Calvert Investment Management Inc. now owns 25,613 shares of the apparel retailer’s stock worth $1,028,000 after buying an additional 12,999 shares during the last quarter. Finally, Family Management Corp purchased a new stake in shares of Under Armour during the second quarter worth $1,680,000. Institutional investors and hedge funds own 36.57% 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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