Under Armour, Inc. (NYSE:UAA) Receives “Neutral” Rating from Wedbush
Under Armour, Inc. (NYSE:UAA)‘s stock had its “neutral” rating reissued by Wedbush in a research note issued to investors on Tuesday. They presently have a $17.00 price objective on the stock, down from their prior price objective of $18.00. Wedbush’s target price would indicate a potential downside of 11.69% from the company’s previous close.
Several other equities research analysts also recently commented on the stock. Credit Suisse Group reissued an “underperform” rating and set a $17.00 target price on shares of Under Armour in a research report on Monday, April 24th. Vetr raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $22.36 target price for the company in a research report on Monday, July 10th. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, July 4th. FBR & Co decreased their target price on shares of Under Armour from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, April 17th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Under Armour in a research report on Tuesday, April 11th. Thirteen analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.29.
Shares of Under Armour (UAA) traded up 3.72% during trading on Tuesday, hitting $19.25. The stock had a trading volume of 4,837,478 shares. Under Armour has a 1-year low of $17.92 and a 1-year high of $43.85. The firm has a 50-day moving average of $20.41 and a 200 day moving average of $20.97. The company has a market capitalization of $8.48 billion, a P/E ratio of 38.97 and a beta of -0.07.
Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. Under Armour’s revenue was up 8.7% on a year-over-year basis. Equities research analysts predict that Under Armour will post $0.37 earnings per share for the current fiscal year.
In other news, Director A B. Krongard sold 4,799 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $21.33, for a total transaction of $102,362.67. Following the sale, the director now owns 116,297 shares in the company, valued at approximately $2,480,615.01. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 16.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of UAA. Cim Investment Mangement Inc. bought a new stake in Under Armour during the second quarter valued at $815,000. Principal Financial Group Inc. bought a new stake in Under Armour during the second quarter valued at $5,688,000. BKS Advisors LLC bought a new stake in Under Armour during the second quarter valued at $1,224,000. Ray Gerald L & Associates Ltd. bought a new stake in Under Armour during the second quarter valued at $2,297,000. Finally, Brighton Jones LLC bought a new stake in Under Armour during the second quarter valued at $705,000. Hedge funds and other institutional investors own 29.27% 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.
Receive News & Ratings for Under Armour Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc. and related companies with MarketBeat.com's FREE daily email newsletter.