Analysts Set Under Armour Inc. (NYSE:UA) Target Price at $55.00
Shares of Under Armour Inc. (NYSE:UA) have been given a consensus rating of “Buy” by the thirty-seven ratings firms that are currently covering the company. One analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, twenty-one have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $55.00.
A number of research firms have recently commented on UA. Deutsche Bank AG restated a “buy” rating on shares of Under Armour in a report on Sunday, July 17th. Morgan Stanley reiterated a “sell” rating on shares of Under Armour in a research note on Saturday, July 9th. B. Riley reiterated a “buy” rating and issued a $51.00 target price on shares of Under Armour in a research note on Wednesday, July 20th. Canaccord Genuity set a $65.00 target price on Under Armour and gave the company a “buy” rating in a research note on Saturday, September 17th. Finally, Bank of America Corp. set a $54.00 target price on Under Armour and gave the company a “buy” rating in a research note on Saturday, September 17th.
Shares of Under Armour (NYSE:UA) opened at 37.82 on Tuesday. The stock’s 50 day moving average is $39.85 and its 200-day moving average is $40.22. The firm has a market cap of $16.54 billion, a PE ratio of 97.47 and a beta of 0.39. Under Armour has a 52 week low of $31.61 and a 52 week high of $52.37.
Under Armour (NYSE:UA) last released its quarterly earnings data on Tuesday, July 26th. The apparel retailer reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The firm earned $1 million during the quarter, compared to analysts’ expectations of $995.14 million. Under Armour had a return on equity of 13.79% and a net margin of 5.24%. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 earnings per share. On average, equities analysts predict that Under Armour will post $0.58 EPS for the current fiscal year.
In related news, insider Matthew C. Mirchin sold 16,015 shares of Under Armour stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $42.92, for a total transaction of $687,363.80. Following the completion of the sale, the insider now owns 29,869 shares of the company’s stock, valued at $1,281,977.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CRO Karl-Heinz Maurath sold 54,632 shares of Under Armour stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $43.34, for a total value of $2,367,750.88. Following the sale, the executive now directly owns 25,840 shares of the company’s stock, valued at approximately $1,119,905.60. The disclosure for this sale can be found here. Corporate insiders own 16.50% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in UA. Burns J W & Co. Inc. NY boosted its stake in Under Armour by 70.9% in the third quarter. Burns J W & Co. Inc. NY now owns 28,532 shares of the apparel retailer’s stock worth $1,104,000 after buying an additional 11,835 shares during the last quarter. Calvert Investment Management Inc. boosted its stake in Under Armour by 103.1% in the second quarter. Calvert Investment Management Inc. now owns 25,613 shares of the apparel retailer’s stock worth $1,028,000 after buying an additional 12,999 shares during the last quarter. Family Management Corp purchased a new stake in Under Armour during the second quarter worth about $1,680,000. Mirador Capital Partners LP purchased a new stake in Under Armour during the second quarter worth about $1,115,000. Finally, Strategic Wealth Advisors Group LLC purchased a new stake in Under Armour during the second quarter worth about $615,000. 36.56% of the stock is owned by hedge funds and other institutional investors.
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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