Oppenheimer Holdings, Inc. Reiterates Hold Rating for Under Armour, Inc. (UA)
Under Armour, Inc. (NYSE:UA)‘s stock had its “hold” rating reaffirmed by stock analysts at Oppenheimer Holdings, Inc. in a report released on Friday.
UA has been the subject of several other research reports. Vetr raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $18.88 price target for the company in a research report on Tuesday, July 25th. Jefferies Group LLC set a $28.00 price objective on shares of Under Armour and gave the stock a “buy” rating in a research report on Monday, July 31st. BidaskClub raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Deutsche Bank AG cut shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Wells Fargo & Company cut shares of Under Armour from a “market perform” rating to a “sell” rating and decreased their price objective for the stock from $17.00 to $13.00 in a research report on Tuesday. Ten equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $18.38.
Shares of Under Armour (UA) traded down 0.59% during trading on Friday, reaching $15.04. 2,374,699 shares of the company were exchanged. The stock has a market capitalization of $6.63 billion, a P/E ratio of 30.45 and a beta of 1.08. Under Armour has a 1-year low of $14.98 and a 1-year high of $34.94. The firm has a 50-day moving average price of $16.14 and a 200-day moving average price of $18.02.
Under Armour (NYSE:UA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. The company had revenue of $1.09 billion during the quarter. Equities research analysts predict that Under Armour will post $0.38 earnings per share for the current fiscal year.
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A number of large investors have recently made changes to their positions in UA. Pacer Advisors Inc. raised its stake in Under Armour by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock worth $137,000 after acquiring an additional 220 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in Under Armour by 74.0% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 27,953 shares of the company’s stock worth $553,000 after acquiring an additional 11,885 shares in the last quarter. WMS Partners LLC raised its stake in Under Armour by 28.2% during the 1st quarter. WMS Partners LLC now owns 18,232 shares of the company’s stock worth $361,000 after acquiring an additional 4,016 shares in the last quarter. FDO Partners LLC raised its stake in Under Armour by 35.9% during the 1st quarter. FDO Partners LLC now owns 89,944 shares of the company’s stock worth $1,779,000 after acquiring an additional 23,765 shares in the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd raised its stake in Under Armour by 10.3% during the 1st quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 131,400 shares of the company’s stock worth $2,599,000 after acquiring an additional 12,300 shares in the last quarter. Hedge funds and other institutional investors own 30.99% 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.
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