Under Armour Inc (NYSE:UAA) – KeyCorp lifted their Q3 2018 EPS estimates for shares of Under Armour in a report issued on Tuesday. KeyCorp analyst E. Yruma now expects that the company will post earnings of $0.26 per share for the quarter, up from their prior estimate of $0.24. KeyCorp also issued estimates for Under Armour’s Q4 2018 earnings at $0.00 EPS, FY2018 earnings at $0.17 EPS and FY2019 earnings at $0.31 EPS.
UAA has been the subject of several other reports. Wells Fargo & Co decreased their price target on Under Armour to $11.00 and set an “underperform” rating for the company in a report on Tuesday, October 31st. Credit Suisse Group increased their price target on Under Armour from $12.02 to $12.25 and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Buckingham Research began coverage on Under Armour in a report on Friday, January 5th. They set a “neutral” rating and a $17.00 price target for the company. Vetr downgraded Under Armour from a “sell” rating to a “strong sell” rating and set a $12.00 price target for the company. in a report on Monday, December 11th. Finally, Macquarie downgraded Under Armour from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $10.00 to $8.00 in a report on Tuesday, January 16th. Nineteen equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. Under Armour presently has a consensus rating of “Hold” and an average target price of $14.71.
A number of institutional investors have recently bought and sold shares of UAA. Ameriprise Financial Inc. purchased a new stake in Under Armour during the 2nd quarter worth about $3,498,000. Nationwide Fund Advisors purchased a new stake in Under Armour during the 2nd quarter worth about $1,068,000. FMR LLC purchased a new stake in Under Armour during the 2nd quarter worth about $20,317,000. Suntrust Banks Inc. purchased a new stake in Under Armour in the 2nd quarter valued at about $215,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in Under Armour in the 2nd quarter valued at about $409,000. 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.
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