Under Armour, Inc. (UA) Stock Rating Reaffirmed by Susquehanna Bancshares Inc
Under Armour, Inc. (NYSE:UA)‘s stock had its “sell” rating restated by stock analysts at Susquehanna Bancshares Inc in a research note issued to investors on Monday. They currently have a $15.00 price objective on the stock. Susquehanna Bancshares Inc’s price objective would indicate a potential downside of 1.45% from the company’s current price.
A number of other research analysts have also commented on UA. Vetr lowered shares of Under Armour from a “hold” rating to a “sell” rating and set a $18.40 price objective for the company. in a research report on Monday, June 26th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Under Armour in a research report on Monday, June 26th. BidaskClub raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Under Armour in a research report on Friday, July 7th. Finally, Deutsche Bank AG lowered shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Nine equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $18.05.
Shares of Under Armour (UA) traded down 4.34% during mid-day trading on Monday, hitting $15.22. The stock had a trading volume of 5,164,705 shares. The stock has a 50-day moving average price of $15.49 and a 200 day moving average price of $17.55. Under Armour has a 52 week low of $14.80 and a 52 week high of $33.40. The stock has a market cap of $6.71 billion, a P/E ratio of 30.81 and a beta of 1.16.
Under Armour (NYSE:UA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating the Zacks’ 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%. On average, equities analysts forecast that Under Armour will post $0.37 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC increased its stake in Under Armour by 48.4% in the second quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock valued at $286,000 after acquiring an additional 305 shares during the period. Harbour Capital Advisors LLC increased its stake in Under Armour by 665.0% in the second quarter. Harbour Capital Advisors LLC now owns 5,363 shares of the company’s stock valued at $266,000 after acquiring an additional 4,662 shares during the period. First Mercantile Trust Co. bought a new stake in Under Armour in the second quarter valued at about $141,000. Great Lakes Advisors LLC bought a new stake in Under Armour in the second quarter valued at about $202,000. Finally, Ahrens Investment Partners LLC bought a new stake in Under Armour in the third quarter valued at about $158,000. 30.25% of the stock is currently owned by institutional investors and hedge funds.
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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