Under Armour Inc (UAA) Earns Buy Rating from Jefferies Group LLC
Under Armour Inc (NYSE:UAA)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Group LLC in a research report issued on Friday. They presently have a $28.00 price objective on the stock. Jefferies Group LLC’s price objective points to a potential upside of 48.23% from the company’s previous close.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Under Armour from a “hold” rating to a “sell” rating in a research note on Thursday, January 26th. Credit Suisse Group AG reissued an “underperform” rating and set a $17.00 target price on shares of Under Armour in a research note on Monday, April 24th. Canaccord Genuity cut Under Armour from a “buy” rating to a “hold” rating and reduced their target price for the company from $44.00 to $20.00 in a research note on Tuesday, January 31st. FBR & Co reduced their target price on Under Armour from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, April 17th. Finally, Forward View cut Under Armour to a “hold” rating and set a $19.00 target price on the stock. in a research note on Monday, February 6th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $26.71.
Under Armour (NYSE:UAA) traded down 2.2806% during trading on Friday, hitting $18.4592. The company’s stock had a trading volume of 1,653,323 shares. The firm has a 50 day moving average of $20.00 and a 200 day moving average of $24.88. Under Armour has a 12 month low of $18.35 and a 12 month high of $44.68. The firm has a market cap of $8.13 billion and a P/E ratio of 46.6141.
Under Armour (NYSE:UAA) last posted its earnings results on Thursday, April 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Under Armour’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts predict that Under Armour will post $0.42 earnings per share for the current year.
In other Under Armour news, insider Kerry D. Chandler sold 5,921 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $21.38, for a total value of $126,590.98. Following the completion of the sale, the insider now owns 12,803 shares in the company, valued at $273,728.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director A B. Krongard sold 4,799 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $21.33, for a total value of $102,362.67. Following the completion of the sale, the director now owns 116,297 shares of the company’s stock, valued at approximately $2,480,615.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,519 shares of company stock valued at $331,652.
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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