Under Armour, Inc. (UAA) Earns Market Perform Rating from Telsey Advisory Group
Under Armour, Inc. (NYSE:UAA)‘s stock had its “market perform” rating restated by stock analysts at Telsey Advisory Group in a report issued on Tuesday. They presently have a $18.00 price objective on the stock, down from their previous price objective of $21.00. Telsey Advisory Group’s price objective points to a potential downside of 6.49% from the company’s previous close.
Other research analysts have also issued reports about the company. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, July 4th. Wells Fargo & Company restated a “market perform” rating and issued a $19.00 target price on shares of Under Armour in a research note on Friday, June 9th. Vetr lowered Under Armour from a “buy” rating to a “hold” rating and set a $21.99 target price for the company. in a research note on Monday, June 12th. Credit Suisse Group restated an “underperform” rating and issued a $17.00 target price on shares of Under Armour in a research note on Friday, June 16th. Finally, UBS AG upped their target price on Under Armour from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, April 28th. 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. The company presently has an average rating of “Hold” and a consensus target price of $23.29.
Shares of Under Armour (UAA) traded up 3.72% during mid-day trading on Tuesday, hitting $19.25. 4,837,678 shares of the company were exchanged. The stock’s 50-day moving average price is $20.41 and its 200 day moving average price is $20.97. The stock has a market cap of $8.48 billion, a PE ratio of 38.97 and a beta of -0.07. Under Armour has a 12-month low of $17.92 and a 12-month high of $43.85.
Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Under Armour’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Under Armour will post $0.37 EPS for the current fiscal year.
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In other news, Director A B. Krongard sold 4,799 shares of Under Armour stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $21.33, for a total transaction of $102,362.67. Following the transaction, the director now owns 116,297 shares in the company, valued at approximately $2,480,615.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Advisors Inc. purchased a new stake in shares of Under Armour during the second quarter worth approximately $124,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Under Armour during the second quarter worth approximately $129,000. Global X Management Co. LLC purchased a new stake in shares of Under Armour during the second quarter worth approximately $134,000. Hudock Capital Group LLC purchased a new stake in shares of Under Armour during the second quarter worth approximately $134,000. Finally, Private Capital Management Inc. purchased a new stake in shares of Under Armour during the second quarter worth approximately $141,000. Institutional investors and hedge funds own 29.27% of the company’s stock.
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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