Under Armour Inc (NYSE:UAA) – Investment analysts at Oppenheimer reduced their Q1 2018 earnings per share estimates for shares of Under Armour in a research note issued on Tuesday. Oppenheimer analyst A. Andreeva now anticipates that the company will post earnings per share of ($0.07) for the quarter, down from their previous estimate of ($0.04). Oppenheimer also issued estimates for Under Armour’s Q2 2018 earnings at ($0.10) EPS.
Several other equities analysts have also recently weighed in on the stock. Vetr raised shares of Under Armour from a “strong sell” rating to a “sell” rating and set a $13.90 target price for the company in a research note on Thursday, December 28th. Zacks Investment Research raised shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Stifel Nicolaus raised shares of Under Armour from a “hold” rating to a “buy” rating and raised their target price for the company from $12.00 to $17.00 in a research note on Friday, December 15th. UBS Group raised shares of Under Armour to a “neutral” rating in a research note on Tuesday, November 7th. Finally, Macquarie cut shares of Under Armour from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $10.00 to $8.00 in a research note on Tuesday, January 16th. Nineteen investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $14.71.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Hexavest Inc. bought a new position in shares of Under Armour in the fourth quarter worth $39,368,000. ANTIPODES PARTNERS Ltd bought a new position in shares of Under Armour in the fourth quarter worth $25,742,000. Mackenzie Financial Corp increased its position in shares of Under Armour by 23.6% in the third quarter. Mackenzie Financial Corp now owns 171,033 shares of the company’s stock worth $2,819,000 after purchasing an additional 32,646 shares during the period. Janus Henderson Group PLC bought a new position in shares of Under Armour in the second quarter worth $1,007,000. Finally, California Public Employees Retirement System bought a new position in shares of Under Armour in the third quarter worth $2,695,000. 31.93% of the stock is owned by institutional investors.
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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