Under Armour Inc (NYSE:UAA) – Analysts at Jefferies Group cut their FY2018 earnings per share (EPS) estimates for shares of Under Armour in a research note issued on Tuesday. Jefferies Group analyst R. Konik now expects that the company will post earnings of $0.34 per share for the year, down from their prior forecast of $0.43. Jefferies Group also issued estimates for Under Armour’s FY2019 earnings at $0.56 EPS.
Several other research firms have also recently issued reports on UAA. Vetr cut Under Armour from a “strong-buy” rating to a “buy” rating and set a $17.98 target price on the stock. in a research report on Wednesday. Telsey Advisory Group boosted their target price on Under Armour from $13.00 to $15.00 and gave the stock a “market perform” rating in a research report on Wednesday. Pivotal Research boosted their target price on Under Armour from $14.00 to $16.00 and gave the stock a “hold” rating in a research report on Wednesday. Citigroup reiterated a “neutral” rating and set a $17.00 target price on shares of Under Armour in a research report on Wednesday. Finally, DA Davidson boosted their target price on Under Armour from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday. Eighteen investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company. Under Armour currently has a consensus rating of “Hold” and an average price target of $14.71.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors grew its holdings in shares of Under Armour by 6.8% in the 3rd quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock worth $864,000 after acquiring an additional 3,338 shares during the period. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Under Armour by 0.4% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 835,601 shares of the company’s stock worth $12,058,000 after acquiring an additional 3,538 shares during the period. Almanack Investment Partners LLC. grew its holdings in shares of Under Armour by 38.0% in the 4th quarter. Almanack Investment Partners LLC. now owns 13,710 shares of the company’s stock worth $193,000 after acquiring an additional 3,776 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Under Armour by 15.6% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 28,832 shares of the company’s stock worth $416,000 after acquiring an additional 3,900 shares during the period. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of Under Armour by 0.8% in the 4th quarter. UBS Asset Management Americas Inc. now owns 528,981 shares of the company’s stock worth $7,633,000 after acquiring an additional 4,029 shares during the period. Institutional investors and hedge funds own 31.93% of the company’s stock.
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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.
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