Under Armour, Inc. (UA) PT Set at $15.00 by Canaccord Genuity
Under Armour, Inc. (NYSE:UA) received a $15.00 price target from equities research analysts at Canaccord Genuity in a note issued to investors on Thursday. The firm presently has a “hold” rating on the stock. Canaccord Genuity’s target price would suggest a potential downside of 1.45% from the company’s current price.
UA has been the subject of several other reports. Vetr raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $18.88 price objective for the company in a 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 report on Monday, July 31st. Deutsche Bank AG downgraded shares of Under Armour from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Wells Fargo & Company downgraded 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 report on Tuesday, September 19th. Finally, Credit Suisse Group set a $17.00 price objective on shares of Under Armour and gave the stock a “sell” rating in a report on Wednesday, June 14th. Nine analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Under Armour currently has a consensus rating of “Hold” and a consensus target price of $17.99.
Shares of Under Armour (NYSE UA) traded up 0.46% during trading on Thursday, reaching $15.22. 2,797,286 shares of the company’s stock were exchanged. Under Armour has a 52-week low of $14.80 and a 52-week high of $34.20. The company has a 50 day moving average of $15.55 and a 200 day moving average of $17.70. The firm has a market capitalization of $6.71 billion, a P/E ratio of 30.81 and a beta of 1.16.
Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The business had revenue of $1.09 billion during the quarter. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. Equities analysts anticipate that Under Armour will post $0.37 earnings per share for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Under Armour by 12.1% during the 2nd quarter. FMR LLC now owns 2,961,380 shares of the company’s stock worth $59,702,000 after acquiring an additional 320,600 shares during the period. WCM Investment Management CA lifted its holdings in shares of Under Armour by 19.5% during the 2nd quarter. WCM Investment Management CA now owns 1,368,431 shares of the company’s stock worth $27,588,000 after acquiring an additional 223,415 shares during the period. Harris Associates L P bought a new position in shares of Under Armour during the 2nd quarter worth about $22,967,000. American Century Companies Inc. bought a new position in shares of Under Armour during the 2nd quarter worth about $19,429,000. Finally, Contrarius Investment Management Ltd bought a new position in shares of Under Armour during the 2nd quarter worth about $17,656,000. 30.23% of the stock is owned by 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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