Q1 2018 EPS Estimates for Under Armour Inc Lowered by Jefferies Group (UAA)

Under Armour Inc (NYSE:UAA) – Jefferies Group decreased their Q1 2018 EPS estimates for Under Armour in a report issued on Tuesday. Jefferies Group analyst R. Konik now anticipates that the company will post earnings per share of ($0.01) for the quarter, down from their prior forecast of $0.05. Jefferies Group also issued estimates for Under Armour’s Q2 2018 earnings at $0.00 EPS.

Other equities research analysts have also recently issued reports about the company. UBS Group dropped their target price on Under Armour from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. 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. Stifel Nicolaus lifted their price objective on Under Armour from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday. Pivotal Research lifted their price objective on Under Armour from $14.00 to $16.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Telsey Advisory Group lifted their price objective on Under Armour from $13.00 to $15.00 and gave the stock a “market perform” rating in a report on Wednesday. Nineteen investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.71.

Shares of Under Armour (UAA) opened at $17.76 on Thursday. Under Armour has a 12-month low of $11.40 and a 12-month high of $23.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.16 and a current ratio of 2.20. The company has a market capitalization of $7,376.34, a PE ratio of -147.99, a PEG ratio of 5.39 and a beta of -0.04.

Several hedge funds have recently added to or reduced their stakes in UAA. Ameriprise Financial Inc. purchased a new stake in shares of Under Armour during the 2nd quarter valued at approximately $3,498,000. Nationwide Fund Advisors purchased a new stake in shares of Under Armour during the 2nd quarter valued at approximately $1,068,000. FMR LLC purchased a new stake in shares of Under Armour during the 2nd quarter valued at approximately $20,317,000. Suntrust Banks Inc. purchased a new stake in shares of Under Armour during the 2nd quarter valued at approximately $215,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Under Armour during the 2nd quarter valued at approximately $409,000. 31.93% of the stock is currently 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.

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

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