Wedbush Weighs in on Under Armour Inc’s Q1 2018 Earnings (UAA)

Under Armour Inc (NYSE:UAA) – Wedbush issued their Q1 2018 earnings estimates for shares of Under Armour in a report issued on Tuesday. Wedbush analyst C. Svezia expects that the company will post earnings per share of ($0.05) for the quarter. Wedbush has a “Sell” rating on the stock. Wedbush also issued estimates for Under Armour’s Q2 2018 earnings at ($0.07) EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.07 EPS and FY2019 earnings at $0.21 EPS.

Several other brokerages have also commented on UAA. Stifel Nicolaus upgraded Under Armour from a “hold” rating to a “buy” rating and increased their price objective for the company from $12.00 to $17.00 in a report on Friday, December 15th. Vetr downgraded 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. DA Davidson upped their target price on Under Armour from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday. Sanford C. Bernstein reissued an “underperform” rating and issued a $9.00 target price (down from $14.00) on shares of Under Armour in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies cut their target price on Under Armour to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 31st. Nineteen analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. Under Armour has an average rating of “Hold” and an average price target of $14.71.

Shares of Under Armour (NYSE UAA) opened at $17.76 on Thursday. Under Armour has a twelve month low of $11.40 and a twelve month high of $23.46. The company has a current ratio of 2.20, a quick ratio of 1.16 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $7,376.34, a price-to-earnings ratio of 92.78, a PEG ratio of 5.39 and a beta of -0.04.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Under Armour by 1.3% during the 4th quarter. BlackRock Inc. now owns 11,568,717 shares of the company’s stock worth $166,937,000 after acquiring an additional 147,753 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of Under Armour by 10.8% during the 3rd quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock worth $126,978,000 after acquiring an additional 750,325 shares in the last quarter. State Street Corp purchased a new stake in shares of Under Armour during the 2nd quarter worth about $157,325,000. Hexavest Inc. purchased a new stake in shares of Under Armour during the 4th quarter worth about $39,368,000. Finally, Disciplined Growth Investors Inc. MN purchased a new stake in shares of Under Armour during the 3rd quarter worth about $39,964,000. 31.93% of the stock is currently owned by institutional investors and hedge funds.

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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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