Under Armour, Inc. (UAA) Stock Rating Reaffirmed by Telsey Advisory Group
Under Armour, Inc. (NYSE:UAA)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a research note issued on Tuesday. They currently have a $18.00 price objective on the stock, down from their prior price objective of $21.00. Telsey Advisory Group’s target price suggests a potential downside of 6.49% from the company’s previous close.
A number of other analysts also recently issued reports on the company. Credit Suisse Group reaffirmed an “underperform” rating and issued a $17.00 target price on shares of Under Armour in a research note on Monday, April 24th. Vetr raised Under Armour from a “hold” rating to a “buy” rating and set a $22.36 target price for the company in a research note on Monday, July 10th. 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. FBR & Co cut their target price on Under Armour from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, April 17th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $17.00 target price on shares of Under Armour in a research note on Tuesday, April 11th. Thirteen investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and six have given a buy rating to the company. Under Armour presently has a consensus rating of “Hold” and an average price target of $23.29.
Under Armour (UAA) traded up 3.72% on Tuesday, hitting $19.25. 4,837,678 shares of the company were exchanged. The stock has a market capitalization of $8.48 billion, a P/E ratio of 38.97 and a beta of -0.07. The stock’s 50-day moving average price is $20.41 and its 200-day moving average price is $20.97. Under Armour has a 52-week low of $17.92 and a 52-week high of $43.85.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Under Armour’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that Under Armour will post $0.37 earnings per share for the current fiscal year.
In other Under Armour news, Director A B. Krongard sold 4,799 shares of Under Armour stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $21.33, for a total transaction of $102,362.67. Following the transaction, the director now owns 116,297 shares of the company’s stock, valued at $2,480,615.01. The transaction was disclosed in a filing with the SEC, which is available at this link. 16.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UAA. Cim Investment Mangement Inc. purchased a new position in Under Armour during the second quarter valued at approximately $815,000. Principal Financial Group Inc. purchased a new position in Under Armour during the second quarter valued at approximately $5,688,000. BKS Advisors LLC purchased a new position in Under Armour during the second quarter valued at approximately $1,224,000. Ray Gerald L & Associates Ltd. purchased a new position in Under Armour during the second quarter valued at approximately $2,297,000. Finally, Brighton Jones LLC purchased a new position in Under Armour during the second quarter valued at approximately $705,000. 29.27% of the stock is currently owned by institutional investors.
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.
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