Oppenheimer Comments on Under Armour Inc’s Q3 2018 Earnings (UAA)

Under Armour Inc (NYSE:UAA) – Equities research analysts at Oppenheimer boosted their Q3 2018 earnings per share estimates for shares of Under Armour in a report issued on Tuesday. Oppenheimer analyst A. Andreeva now expects that the company will post earnings of $0.22 per share for the quarter, up from their prior estimate of $0.18. Oppenheimer also issued estimates for Under Armour’s Q4 2018 earnings at $0.07 EPS.

Several other research analysts have also issued reports on UAA. Deutsche Bank reduced their target price on Under Armour from $16.00 to $14.00 and set a “sell” rating on the stock in a research report on Thursday, October 26th. Bank of America lowered Under Armour from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $21.00 to $12.00 in a research report on Monday, October 30th. Pivotal Research reaffirmed a “hold” rating and set a $14.00 target price (down from $17.00) on shares of Under Armour in a research report on Tuesday, October 31st. FBR & Co reduced their target price on Under Armour from $14.00 to $10.00 and set a “sell” rating on the stock in a research report on Tuesday, October 31st. Finally, DA Davidson lowered Under Armour from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 31st. Eighteen investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the stock. Under Armour currently has an average rating of “Hold” and a consensus target price of $14.71.

Under Armour (UAA) opened at $16.50 on Wednesday. Under Armour has a 1 year low of $11.40 and a 1 year high of $23.46. The stock has a market capitalization of $6,285.35, a PE ratio of 53.87, a P/E/G ratio of 4.35 and a beta of -0.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.23.

Several institutional investors and hedge funds have recently modified their holdings of the company. Moors & Cabot Inc. purchased a new stake in shares of Under Armour in the fourth quarter worth about $163,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Under Armour by 15.6% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 28,832 shares of the company’s stock worth $416,000 after buying an additional 3,900 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Under Armour in the fourth quarter worth about $2,018,000. Delpha Capital Management LLC purchased a new stake in shares of Under Armour in the fourth quarter worth about $110,000. Finally, Geode Capital Management LLC boosted its stake in shares of Under Armour by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 1,891,190 shares of the company’s stock worth $27,226,000 after buying an additional 56,199 shares during the last quarter. Hedge funds and other institutional investors own 31.93% of the company’s stock.

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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.

Earnings History and Estimates for Under Armour (NYSE:UAA)

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