Under Armour, Inc. (UAA) Stock Rating Upgraded by Vetr Inc.
Under Armour, Inc. (NYSE:UAA) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Thursday. The brokerage currently has a $16.00 target price on the stock. Vetr‘s price target suggests a potential downside of 2.26% from the stock’s current price.
A number of other equities analysts have also recently weighed in on UAA. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, July 4th. OTR Global reissued a “negative” rating on shares of Under Armour in a report on Tuesday, July 18th. Credit Suisse Group reissued an “underperform” rating and issued a $17.00 price target on shares of Under Armour in a report on Wednesday, August 2nd. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Under Armour in a report on Friday, July 7th. Finally, Needham & Company LLC started coverage on Under Armour in a report on Tuesday, July 18th. They issued a “hold” rating for the company. Thirteen equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have given a buy rating to the company’s stock. Under Armour has a consensus rating of “Hold” and a consensus target price of $21.12.
Under Armour (NYSE:UAA) opened at 16.42 on Thursday. The company has a 50-day moving average price of $17.60 and a 200 day moving average price of $19.55. The firm has a market capitalization of $7.24 billion, a P/E ratio of 33.24 and a beta of -0.04. Under Armour has a 1-year low of $15.92 and a 1-year high of $40.14.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts expect that Under Armour will post $0.38 earnings per share for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. acquired a new stake in Under Armour during the second quarter valued at approximately $118,000. Cornerstone Advisors Inc. acquired a new stake in Under Armour during the second quarter valued at approximately $124,000. Municipal Employees Retirement System of Michigan acquired a new stake in Under Armour during the second quarter valued at approximately $129,000. WFG Advisors LP acquired a new stake in Under Armour during the second quarter valued at approximately $132,000. Finally, Global X Management Co. LLC acquired a new stake in Under Armour during the second quarter valued at approximately $134,000. Institutional investors and hedge funds own 30.48% 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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