Under Armour (NYSE:UAA) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a $17.00 target price on the stock, up from their previous target price of $12.00. Stifel Nicolaus’ target price indicates a potential upside of 23.01% from the company’s previous close.
UAA has been the topic of several other reports. Wells Fargo & Company decreased their price objective on shares of Under Armour to $11.00 and set an “underperform” rating on the stock in a research report on Tuesday, October 31st. Credit Suisse Group upped their price objective on shares of Under Armour from $12.02 to $12.25 and gave the stock a “neutral” rating in a research report on Tuesday, November 7th. Zacks Investment Research cut shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Vetr cut shares of Under Armour from a “sell” rating to a “strong sell” rating and set a $12.00 price target on the stock. in a research report on Monday. Finally, Wedbush reiterated a “neutral” rating and set a $17.00 price target on shares of Under Armour in a research report on Tuesday, October 3rd. Nineteen equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the stock. Under Armour has an average rating of “Hold” and an average target price of $16.92.
Under Armour (UAA) opened at $13.82 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16. The firm has a market cap of $6,015.91, a P/E ratio of 33.22, a P/E/G ratio of 4.03 and a beta of -0.13. Under Armour has a 52-week low of $11.40 and a 52-week high of $31.67.
Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. Under Armour’s revenue for the quarter was down 4.5% on a year-over-year basis. analysts anticipate that Under Armour will post 0.2 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System purchased a new stake in Under Armour in the second quarter worth $250,000. US Bancorp DE purchased a new stake in Under Armour in the second quarter worth $396,000. Russell Investments Group Ltd. purchased a new stake in Under Armour in the second quarter worth $531,000. Public Employees Retirement Association of Colorado purchased a new stake in Under Armour in the second quarter worth $521,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Under Armour in the second quarter worth $129,000. 31.22% of the stock is owned by hedge funds and other institutional investors.
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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.