Under Armour, Inc. (UAA) Coverage Initiated by Analysts at Pivotal Research
Pivotal Research assumed coverage on shares of Under Armour, Inc. (NYSE:UAA) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a $17.00 price target on the stock. Pivotal Research’s price objective would suggest a potential upside of 2.84% from the company’s previous close.
A number of other equities research analysts have also weighed in on UAA. Wells Fargo & Company restated a “market perform” rating and issued a $19.00 price target on shares of Under Armour in a research report on Friday, June 9th. Vetr downgraded shares of Under Armour from a “buy” rating to a “hold” rating and set a $21.99 price target on the stock. in a research report on Monday, June 12th. Credit Suisse Group reiterated an “underperform” rating and set a $17.00 target price on shares of Under Armour in a research report on Friday, June 16th. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 target price on shares of Under Armour in a research report on Wednesday, June 21st. Finally, Zacks Investment Research upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, July 4th. Thirteen equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.87.
Shares of Under Armour (NYSE UAA) traded up 0.36% during trading on Thursday, hitting $16.53. 3,085,723 shares of the stock were exchanged. Under Armour has a 52 week low of $15.92 and a 52 week high of $39.20. The firm has a market capitalization of $7.29 billion, a P/E ratio of 33.46 and a beta of -0.02. The firm has a 50 day moving average price of $16.95 and a 200 day moving average price of $19.32.
Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Under Armour’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts forecast that Under Armour will post $0.37 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in UAA. Nomura Asset Management Co. Ltd. purchased a new stake in Under Armour in the first quarter valued at approximately $405,000. Private Asset Management Inc. purchased a new stake in Under Armour in the second quarter valued at approximately $923,000. DnB Asset Management AS purchased a new stake in Under Armour in the second quarter valued at approximately $405,000. Xact Kapitalforvaltning AB purchased a new stake in Under Armour in the second quarter valued at approximately $474,000. Finally, Burns J W & Co. Inc. NY purchased a new stake in Under Armour in the second quarter valued at approximately $480,000. 30.48% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Under Armour Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc. and related companies with MarketBeat.com's FREE daily email newsletter.