Under Armour, Inc. (UA) Given a $12.00 Price Target by Cowen and Company Analysts
Under Armour, Inc. (NYSE:UA) received a $12.00 price objective from stock analysts at Cowen and Company in a research note issued on Tuesday. The firm presently has a “hold” rating on the stock. Cowen and Company’s price target would indicate a potential upside of 4.08% from the stock’s current price.
A number of other equities research analysts have also issued reports on UA. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Under Armour in a report on Tuesday. Canaccord Genuity restated a “hold” rating and set a $18.00 price target (down previously from $21.00) on shares of Under Armour in a report on Thursday, August 3rd. Forward View set a $17.00 price target on shares of Under Armour and gave the company a “hold” rating in a report on Sunday, August 13th. Wells Fargo & Company set a $11.00 price target on shares of Under Armour and gave the company a “sell” rating in a report on Tuesday. Finally, Buckingham Research set a $14.00 price target on shares of Under Armour and gave the company a “sell” rating in a report on Tuesday. Nine research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. Under Armour currently has a consensus rating of “Hold” and a consensus target price of $16.93.
Shares of Under Armour (NYSE:UA) traded down 21.78% on Tuesday, hitting $11.53. 36,943,206 shares of the stock were exchanged. Under Armour has a one year low of $11.40 and a one year high of $29.53. The company has a market cap of $5.08 billion, a P/E ratio of 23.34 and a beta of 1.15. The firm’s 50-day moving average is $15.33 and its 200-day moving average is $17.39.
Under Armour (NYSE:UA) last released its earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. The business had revenue of $1.09 billion for the quarter. On average, equities analysts forecast that Under Armour will post $0.35 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. Harris Associates L P bought a new stake in Under Armour in the second quarter worth approximately $22,967,000. American Century Companies Inc. bought a new stake in Under Armour in the second quarter worth approximately $19,429,000. Contrarius Investment Management Ltd bought a new stake in Under Armour in the second quarter worth approximately $17,656,000. State of New Jersey Common Pension Fund D grew its position in Under Armour by 66.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 1,500,000 shares of the company’s stock worth $22,530,000 after acquiring an additional 600,000 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in Under Armour by 113.5% in the second quarter. Bank of Nova Scotia now owns 849,264 shares of the company’s stock worth $17,121,000 after acquiring an additional 451,485 shares in the last quarter. Hedge funds and other institutional investors own 30.27% of the company’s stock.
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.
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