Under Armour, Inc. (NYSE:UA) Upgraded to “Buy” at Vetr Inc.
Under Armour, Inc. (NYSE:UA) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $18.88 price target on the stock. Vetr‘s price target suggests a potential upside of 4.19% from the company’s previous close.
A number of other research analysts have also weighed in on the stock. Deutsche Bank AG lowered shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub downgraded shares of Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Under Armour in a report on Friday, July 7th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Under Armour in a report on Monday, June 26th. Finally, Jefferies Group LLC set a $28.00 price objective on shares of Under Armour and gave the company a “buy” rating in a report on Tuesday, June 20th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $19.99.
Shares of Under Armour (NYSE:UA) traded down 0.77% on Tuesday, hitting $18.12. 4,283,015 shares of the stock traded hands. Under Armour has a 52 week low of $17.05 and a 52 week high of $42.94. The firm has a market capitalization of $7.98 billion, a PE ratio of 45.76 and a beta of 0.82. The firm’s 50 day moving average is $19.50 and its 200 day moving average is $19.61.
Under Armour (NYSE:UA) last announced its quarterly earnings results on Thursday, April 27th. The company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. Under Armour had a net margin of 4.84% and a return on equity of 12.43%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.20 billion. On average, analysts expect that Under Armour will post $0.42 EPS for the current fiscal year.
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In related news, Director A B. Krongard sold 4,717 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $19.70, for a total transaction of $92,924.90. Following the transaction, the director now directly owns 73,939 shares in the company, valued at $1,456,598.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kerry D. Chandler sold 5,965 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $19.79, for a total transaction of $118,047.35. Following the transaction, the insider now owns 114,108 shares in the company, valued at $2,258,197.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,399 shares of company stock worth $304,605.
A number of institutional investors have recently modified their holdings of UA. GSA Capital Partners LLP purchased a new position in shares of Under Armour during the fourth quarter worth $233,000. Fox Run Management L.L.C. purchased a new position in shares of Under Armour during the first quarter worth $627,000. Bank of The West increased its position in shares of Under Armour by 4.2% in the first quarter. Bank of The West now owns 84,479 shares of the company’s stock worth $1,671,000 after buying an additional 3,404 shares during the last quarter. Capital Impact Advisors LLC increased its position in shares of Under Armour by 58.6% in the first quarter. Capital Impact Advisors LLC now owns 60,501 shares of the company’s stock worth $1,197,000 after buying an additional 22,364 shares during the last quarter. Finally, City Holding Co. increased its position in shares of Under Armour by 50.5% in the first quarter. City Holding Co. now owns 26,045 shares of the company’s stock worth $515,000 after buying an additional 8,740 shares during the last quarter. Institutional investors and hedge funds own 56.51% 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.
To view Vetr’s full report, visit Vetr’s official website.
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