Under Armour Inc (UAA) Earns Neutral Rating from Wedbush
Under Armour Inc (NYSE:UAA)‘s stock had its “neutral” rating reaffirmed by investment analysts at Wedbush in a report released on Tuesday. They currently have a $17.00 price objective on the stock. Wedbush’s target price would suggest a potential upside of 1.74% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on UAA. Cowen and Company reissued a “market perform” rating and issued a $18.00 target price on shares of Under Armour in a research report on Sunday. Vetr upgraded shares of Under Armour from a “sell” rating to a “hold” rating and set a $16.00 price target on the stock in a research note on Thursday, September 28th. Guggenheim lowered shares of Under Armour from a “buy” rating to a “neutral” rating in a research report on Monday, September 25th. KeyCorp raised shares of Under Armour from a “sector weight” rating to an “overweight” rating and raised their price target for the stock from $16.41 to $20.00 in a research report on Monday, September 25th. Finally, Wells Fargo & Company cut shares of Under Armour from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $17.00 to $13.00 in a research note on Tuesday, September 19th. Thirteen research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.97.
Under Armour (UAA) traded up 0.66% during trading on Tuesday, hitting $16.71. 3,436,076 shares of the stock were exchanged. The firm has a 50-day moving average of $17.06 and a 200-day moving average of $19.36. Under Armour has a 52 week low of $15.92 and a 52 week high of $39.20. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 33.83 and a beta of -0.02.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Under Armour had a negative return on equity of 2.44% and a negative net margin of 1.13%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Equities research analysts anticipate that Under Armour will post $0.37 earnings per share for the current fiscal year.
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A number of hedge funds have recently modified their holdings of UAA. Aldebaran Financial Inc. lifted its stake in Under Armour by 8.3% in the second quarter. Aldebaran Financial Inc. now owns 27,310 shares of the company’s stock valued at $594,000 after buying an additional 2,090 shares during the period. D.A. Davidson & CO. bought a new position in shares of Under Armour during the 2nd quarter worth approximately $118,000. Cornerstone Advisors Inc. bought a new position in shares of Under Armour during the 2nd quarter worth approximately $124,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Under Armour during the 2nd quarter worth approximately $129,000. Finally, WFG Advisors LP bought a new position in shares of Under Armour during the 2nd quarter worth approximately $132,000. Institutional investors and hedge funds own 30.48% 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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