Under Armour, Inc. (UAA) Short Interest Update
Under Armour, Inc. (NYSE:UAA) was the target of a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 51,623,580 shares, a decline of 5.2% from the July 31st total of 54,431,690 shares. Approximately 28.2% of the company’s shares are sold short. Based on an average daily volume of 5,760,223 shares, the short-interest ratio is presently 9.0 days.
A number of research analysts have issued reports on the company. Vetr raised Under Armour from a “buy” rating to a “strong-buy” rating and set a $22.90 target price for the company in a research note on Monday, May 15th. Deutsche Bank AG cut Under Armour from a “hold” rating to a “sell” rating and decreased their target price for the company from $20.27 to $17.00 in a research note on Tuesday, July 25th. Zacks Investment Research raised 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. Stifel Nicolaus reissued a “hold” rating and issued a $18.00 target price on shares of Under Armour in a research note on Thursday, August 24th. Finally, Buckingham Research reissued an “underperform” rating and issued a $15.00 target price on shares of Under Armour in a research note on Thursday, July 27th. Eleven research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have issued a buy rating to the company. Under Armour has an average rating of “Hold” and a consensus price target of $22.65.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UAA. BKS Advisors LLC acquired a new position in Under Armour during the second quarter worth $1,224,000. Mn Services Vermogensbeheer B.V. acquired a new position in Under Armour during the second quarter worth $651,000. Webster Bank N. A. acquired a new position in Under Armour during the second quarter worth $282,000. Nepsis Capital Management Inc. acquired a new position in Under Armour during the second quarter worth $3,079,000. Finally, Tobam acquired a new position in Under Armour during the second quarter worth $5,966,000. Institutional investors and hedge funds own 30.52% of the company’s stock.
Shares of Under Armour (UAA) opened at 16.37 on Friday. The firm has a market cap of $7.22 billion, a P/E ratio of 33.14 and a beta of -0.03. Under Armour has a 12 month low of $15.92 and a 12 month high of $40.15. The company’s 50-day moving average price is $18.51 and its 200-day moving average price is $19.89.
Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, analysts predict that Under Armour will post $0.38 EPS for the current 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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