Jefferies Group LLC Reaffirms Buy Rating for Under Armour Inc (UAA)
Under Armour Inc (NYSE:UAA)‘s stock had its “buy” rating restated by analysts at Jefferies Group LLC in a research report issued to clients and investors on Thursday. They presently have a $28.00 target price on the stock. Jefferies Group LLC’s target price suggests a potential upside of 61.57% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. Vetr cut shares of Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 target price for the company. in a report on Monday, July 17th. Telsey Advisory Group lowered their target price on shares of Under Armour from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday, August 2nd. FBR & Co restated an “underperform” rating and issued a $14.00 target price on shares of Under Armour in a report on Wednesday, August 2nd. Canaccord Genuity lowered their target price on shares of Under Armour from $21.00 to $18.00 and set a “hold” rating for the company in a report on Wednesday, August 2nd. Finally, Buckingham Research lowered their target price on shares of Under Armour from $15.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, August 2nd. Eleven analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have assigned a buy rating to the company. Under Armour presently has an average rating of “Hold” and an average target price of $22.65.
Shares of Under Armour (UAA) traded up 1.76% during mid-day trading on Thursday, hitting $17.33. 3,713,755 shares of the stock traded hands. The company has a market cap of $7.64 billion, a P/E ratio of 35.08 and a beta of -0.04. The firm has a 50 day moving average of $18.26 and a 200 day moving average of $19.79. Under Armour has a 12 month low of $15.92 and a 12 month high of $40.15.
Under Armour (NYSE:UAA) last posted its quarterly 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. Under Armour had a negative net margin of 1.13% and a negative return on equity of 2.44%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts anticipate that Under Armour will post $0.38 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Aviva PLC acquired a new stake in shares of Under Armour during the 2nd quarter worth about $2,486,000. BKS Advisors LLC acquired a new stake in shares of Under Armour during the 2nd quarter worth about $1,224,000. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Under Armour during the 2nd quarter worth about $651,000. Chilton Investment Co. LLC acquired a new stake in shares of Under Armour during the 2nd quarter worth about $18,697,000. Finally, Cim Investment Mangement Inc. acquired a new stake in shares of Under Armour during the 2nd quarter worth about $815,000. 30.53% of the stock is currently owned by hedge funds and other 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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