Under Armour (UAA) Receiving Somewhat Positive Media Coverage, Report Finds
Media stories about Under Armour (NYSE:UAA) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Under Armour earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.8788180428429 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Under Armour, Inc. (UAA) Stock Rating Upgraded by Vetr Inc. (americanbankingnews.com)
- Reviewing Iconix Brand Group (ICON) and Under Armour (UAA) (americanbankingnews.com)
- Under Armour Stock Price Not Likely to Double (investopedia.com)
- Maybe Foot Locker Should Be Afraid of Amazon Selling Nike (finance.yahoo.com)
- Nike and Under Armour Slammed by Sneaker Recession (finance.yahoo.com)
Several equities analysts recently weighed in on UAA shares. Vetr upgraded Under Armour from a “buy” rating to a “strong-buy” rating and set a $22.90 price target for the company in a research note on Monday, May 15th. Deutsche Bank AG lowered Under Armour from a “hold” rating to a “sell” rating and cut their price target for the company from $20.27 to $17.00 in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, July 4th. Credit Suisse Group reiterated an “underperform” rating and issued a $17.00 price objective on shares of Under Armour in a report on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Under Armour in a report on Tuesday, April 25th. Eleven research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $23.29.
Shares of Under Armour (NYSE UAA) opened at 16.59 on Tuesday. The stock’s 50 day moving average price is $19.50 and its 200-day moving average price is $20.16. Under Armour has a 52-week low of $16.40 and a 52-week high of $43.85. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 33.58 and a beta of -0.07.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts predict that Under Armour will post $0.38 earnings per share for the current fiscal year.
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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.
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