Under Armour (UAA) Getting Somewhat Favorable Press Coverage, Study Shows
Headlines about Under Armour (NYSE:UAA) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Under Armour earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.3578318888 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Under Armour Partners With A$AP Rocky As It Tries to Become Cooler (finance.yahoo.com)
- What Investors Need to Know About Under Armour's Global Retail Footprint (finance.yahoo.com)
- Notable Friday Option Activity: ABBV, UAA, HOME – Nasdaq (nasdaq.com)
- Under Armour : Introduces Global Innovation Hub For Footwear Design In Portland, OR (4-traders.com)
- Under Armour Introduces Global Innovation Hub For Footwear Design In Portland, OR (finance.yahoo.com)
Under Armour (NYSE UAA) opened at 17.37 on Tuesday. The stock’s 50 day moving average is $17.70 and its 200 day moving average is $19.57. Under Armour has a one year low of $15.92 and a one year high of $40.14. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 35.16 and a beta of -0.04.
Under Armour (NYSE:UAA) last announced its quarterly 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. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts predict that Under Armour will post $0.38 earnings per share for the current fiscal year.
Several research analysts have recently commented on the stock. Wedbush reaffirmed a “neutral” rating and set a $17.00 target price (down from $18.00) on shares of Under Armour in a report on Tuesday, August 8th. Vetr cut shares of Under Armour from a “sell” rating to a “strong sell” rating and set a $16.68 target price on the stock. in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Under Armour from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $18.00 target price (down from $21.00) on shares of Under Armour in a report on Tuesday, August 8th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $28.00 price objective on shares of Under Armour in a research note on Friday, August 11th. Thirteen equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and six have assigned a buy rating to the stock. Under Armour presently has a consensus rating of “Hold” and a consensus target price of $21.31.
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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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