Under Armour, Inc. (UAA) PT Lowered to $19.00 at Morgan Stanley
Under Armour, Inc. (NYSE:UAA) had its price target dropped by investment analysts at Morgan Stanley from $20.00 to $19.00 in a research note issued on Monday. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 3.32% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. Susquehanna Bancshares Inc boosted their target price on Under Armour from $14.00 to $17.00 in a research note on Friday, July 7th. Vetr cut Under Armour from a “strong-buy” rating to a “buy” rating and set a $22.03 target price for the company. in a research note on Wednesday, April 26th. Jefferies Group LLC reissued a “buy” rating and issued a $28.00 target price on shares of Under Armour in a research note on Friday, May 19th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, July 4th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $19.00 target price on shares of Under Armour in a research note on Sunday, April 23rd. Thirteen investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.29.
Shares of Under Armour (NYSE UAA) traded up 0.44% during midday trading on Monday, reaching $18.47. The company’s stock had a trading volume of 1,917,187 shares. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 37.39 and a beta of -0.07. Under Armour has a 12 month low of $18.01 and a 12 month high of $43.85. The stock has a 50-day moving average of $20.76 and a 200 day moving average of $21.02.
Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. The firm’s revenue was up 8.7% on a year-over-year basis. On average, analysts predict that Under Armour will post $0.37 earnings per share for the current fiscal year.
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In other Under Armour news, Director A B. Krongard sold 4,799 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $21.33, for a total value of $102,362.67. Following the sale, the director now owns 116,297 shares of the company’s stock, valued at approximately $2,480,615.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kerry D. Chandler sold 5,921 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $21.38, for a total value of $126,590.98. Following the completion of the sale, the insider now directly owns 12,803 shares in the company, valued at approximately $273,728.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,519 shares of company stock worth $331,652. Company insiders own 16.40% of the company’s stock.
Several large investors have recently modified their holdings of UAA. Cornerstone Advisors Inc. purchased a new position in shares of Under Armour during the second quarter valued at $124,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Under Armour during the second quarter valued at $129,000. Global X Management Co. LLC purchased a new position in shares of Under Armour during the second quarter valued at $134,000. Private Capital Management Inc. purchased a new position in shares of Under Armour during the second quarter valued at $141,000. Finally, Horan Capital Management purchased a new position in shares of Under Armour during the second quarter valued at $150,000. 29.27% of the stock is currently owned by hedge funds and other institutional investors.
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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