Under Armour’s (UA) “Buy” Rating Reiterated at Jefferies Group LLC
Under Armour, Inc. (NYSE:UA)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Group LLC in a report released on Thursday. They presently have a $28.00 price objective on the stock. Jefferies Group LLC’s price objective indicates a potential upside of 75.22% from the stock’s current price.
A number of other equities analysts have also recently weighed in on the company. Vetr raised Under Armour from a “buy” rating to a “strong-buy” rating and set a $18.82 price objective on the stock in a report on Wednesday, August 16th. Forward View set a $17.00 price objective on Under Armour and gave the company a “hold” rating in a report on Sunday, August 13th. Canaccord Genuity reissued a “hold” rating and set a $18.00 price objective (down from $21.00) on shares of Under Armour in a report on Thursday, August 3rd. Buckingham Research set a $14.00 price objective on Under Armour and gave the company a “sell” rating in a report on Thursday, August 3rd. Finally, KeyCorp reissued a “hold” rating on shares of Under Armour in a report on Wednesday, August 2nd. Eight analysts have rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.87.
Under Armour (UA) traded up 1.14% on Thursday, hitting $15.98. The stock had a trading volume of 2,825,210 shares. Under Armour has a 1-year low of $14.98 and a 1-year high of $34.99. The company has a 50-day moving average price of $16.55 and a 200-day moving average price of $18.20. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 32.35 and a beta of 1.08.
Under Armour (NYSE:UA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.04. The company had revenue of $1.09 billion for the quarter. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. Equities analysts predict that Under Armour will post $0.38 earnings per share for the current year.
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Several institutional investors and hedge funds have recently bought and sold shares of UA. Eqis Capital Management Inc. increased its stake in shares of Under Armour by 26.5% during the first quarter. Eqis Capital Management Inc. now owns 14,857 shares of the company’s stock valued at $272,000 after buying an additional 3,115 shares during the period. Quantitative Investment Management LLC purchased a new position in shares of Under Armour during the first quarter valued at approximately $8,594,000. Tobam purchased a new position in shares of Under Armour during the first quarter valued at approximately $5,355,000. Compton Capital Management Inc. RI increased its stake in shares of Under Armour by 1.5% during the first quarter. Compton Capital Management Inc. RI now owns 10,156 shares of the company’s stock valued at $201,000 after buying an additional 150 shares during the period. Finally, Airain ltd increased its stake in shares of Under Armour by 107.0% during the first quarter. Airain ltd now owns 221,615 shares of the company’s stock valued at $4,384,000 after buying an additional 114,551 shares during the period. 31.01% 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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