Under Armour, Inc. (NYSE:UA) Receives Consensus Rating of “Hold” from Brokerages
Shares of Under Armour, Inc. (NYSE:UA) have been given an average rating of “Hold” by the twenty-two brokerages that are covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $19.02.
Several analysts have recently commented on the stock. Credit Suisse Group set a $17.00 price objective on shares of Under Armour and gave the stock a “sell” rating in a research report on Wednesday, June 14th. Vetr raised shares of Under Armour from a “sell” rating to a “hold” rating and set a $19.90 price objective for the company in a research report on Thursday, June 15th. BidaskClub raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Under Armour in a research report on Monday, June 26th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $21.00 price objective on shares of Under Armour in a research report on Thursday, April 27th.
In other Under Armour news, Director A B. Krongard sold 4,717 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was 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 approximately $1,456,598.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
A number of institutional investors have recently modified their holdings of the stock. American Century Companies Inc. bought a new position in shares of Under Armour during the second quarter valued at $19,429,000. Quantitative Investment Management LLC bought a new position in shares of Under Armour during the first quarter valued at $8,594,000. Great West Life Assurance Co. Can boosted its position in shares of Under Armour by 127.3% in the second quarter. Great West Life Assurance Co. Can now owns 544,203 shares of the company’s stock valued at $10,953,000 after buying an additional 304,826 shares during the period. Tobam bought a new position in shares of Under Armour during the first quarter valued at $5,355,000. Finally, Monarch Partners Asset Management LLC bought a new position in shares of Under Armour during the second quarter valued at $5,286,000. Institutional investors and hedge funds own 56.34% of the company’s stock.
Shares of Under Armour (NYSE:UA) traded up 2.83% during mid-day trading on Tuesday, hitting $17.10. 2,169,354 shares of the stock were exchanged. Under Armour has a 12-month low of $16.15 and a 12-month high of $42.94. The stock has a market capitalization of $7.53 billion, a P/E ratio of 34.62 and a beta of 0.78. The stock’s 50 day moving average price is $19.12 and its 200-day moving average price is $19.19.
Under Armour (NYSE:UA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.04. The company had revenue of $1.09 billion during the quarter. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. On average, equities research analysts expect that Under Armour will post $0.41 EPS for the current fiscal year.
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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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