Under Armour, Inc. (NYSE:UAA) Price Target Raised to $17.00 at Susquehanna Bancshares Inc
Several other equities analysts also recently weighed in on the company. Raymond James Financial, Inc. reaffirmed an underperform rating on shares of Under Armour in a research note on Friday, July 7th. Zacks Investment Research raised Under Armour from a hold rating to a buy rating and set a $24.00 price objective for the company in a research note on Tuesday, July 4th. Vetr raised Under Armour from a hold rating to a buy rating and set a $22.36 price objective for the company in a research note on Monday, July 3rd. Jefferies Group LLC reaffirmed a buy rating and issued a $28.00 price objective on shares of Under Armour in a research note on Wednesday, June 21st. Finally, Credit Suisse Group reaffirmed an underperform rating and issued a $17.00 price objective on shares of Under Armour in a research note on Friday, June 16th. Thirteen investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $23.29.
Shares of Under Armour (NYSE:UAA) traded up 0.92% during mid-day trading on Friday, hitting $18.56. 3,071,452 shares of the stock were exchanged. The firm has a market cap of $8.17 billion, a P/E ratio of 37.57 and a beta of -0.07. The stock’s 50 day moving average is $20.76 and its 200 day moving average is $21.02. Under Armour has a 12 month low of $18.01 and a 12 month high of $43.85.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Under Armour’s revenue for the quarter was up 8.7% on a year-over-year basis. Analysts expect that Under Armour will post $0.37 EPS for the current fiscal year.
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In other news, insider Kerry D. Chandler sold 5,921 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $21.38, for a total transaction of $126,590.98. Following the completion of the sale, the insider now owns 12,803 shares of the company’s stock, valued at $273,728.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William R. Mcdermott sold 4,799 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $21.40, for a total transaction of $102,698.60. Following the sale, the director now directly owns 59,657 shares of the company’s stock, valued at approximately $1,276,659.80. The disclosure for this sale can be found here. Insiders have sold 15,519 shares of company stock valued at $331,652 in the last ninety days. 16.40% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in UAA. Nepsis Capital Management Inc. bought a new stake in Under Armour during the second quarter valued at approximately $3,079,000. Gateway Investment Advisers LLC bought a new stake in Under Armour during the second quarter valued at approximately $12,957,000. Fulton Bank N.A. bought a new stake in Under Armour during the second quarter valued at approximately $307,000. Covenant Asset Management LLC bought a new stake in Under Armour during the second quarter valued at approximately $809,000. Finally, City Holding Co. bought a new stake in Under Armour during the second quarter valued at approximately $532,000. 29.27% of the stock is currently owned by institutional investors and hedge funds.
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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